MongoDB (MDB) Earnings Preview: AI and Cloud Growth in Focus
MongoDB prepares to report Q2 earnings amid analyst optimism, with Citi raising its price target to $405 and highlighting AI-driven upside potential. The database software firm has consistently exceeded earnings estimates, fueled by steady customer growth and cloud adoption.
Revenue is projected to climb 15.8% year-over-year to $553.93 million, though EPS may dip slightly to $0.67. Monness analyst Brian WHITE maintains a Buy rating, citing MongoDB's positioning in generative AI and cloud infrastructure markets as key growth drivers.