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MongoDB Stock Surges Past Q3 Estimates Amid AI and Cloud Optimism

MongoDB Stock Surges Past Q3 Estimates Amid AI and Cloud Optimism

Author:

Global Cryptocurrency

Published:

2025-12-02 20:16:02

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BTCCSquare news:

MongoDB shares skyrocketed more than 25% following a stronger-than-expected Q3 earnings report, defying Wall Street projections. The database software Maker posted $1.32 in adjusted earnings per share on $628 million in revenue—far exceeding the $0.80 EPS and $592 million revenue consensus.

Bernstein analysts raised their price target to $452, citing MongoDB's growth trajectory, resilient consumption demand, and potential tailwinds from AI adoption. CEO Chirantan Desai called the current moment a "once-in-a-lifetime opportunity," pointing to converging trends in AI, cloud services, and data infrastructure.

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