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-0.0122882956163031 0.0076111901926038 -0.00357319234232931 -0.00354414199808276 -0.00223687650698655 -0.00148156755657552 -0.0183307672195916 -0.0690236179298724
Stock impact report

MongoDB (MDB) Seen as a Leader in Database Growth, BofA Says [Yahoo! Finance]

MongoDB, Inc. - Class A (MDB) 
Last mongodb, inc. - class a earnings: 3/17 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.mongodb.com/investor-relations
Company Research Source: Yahoo! Finance
target on the stock to $500.00 (from $480.00) while maintaining a “Buy” rating. The firm sees MDB as a leader in database growth, with room for multiple expansion. BofA's buy rating on the database vendor is driven by its accelerating Atlas revenue growth, which reached 30% year-over-year in the third fiscal quarter from 29% in the second quarter. The firm pointed to broader deployments across large corporate customers, continued expansion from existing users, alongside an expanding product portfolio focused on artificial-intelligence use cases and legacy app modernization. Photo by Anete Lusina on Pexels Growing enterprise workloads, the firm noted, also support higher consumption on the platform. “We raise our PO to $500 from $480 based on 14.2x EV/CY26E revenue multiple (12x EV/CY27E (FY28E) previously) or 0.7x growth adjusted (0.8x previously), a premium to infrastructure software peers at 5.6x/0.5x.” Analysts believe a premium is warranted given MDB's faster growth pr Show less Read more
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