MongoDB (MDB) Climbs to Fresh High on Stellar Earnings, Bullish Ratings

We recently published 10 Stocks Stealing the Spotlight Early as Christmas Looms. MongoDB, Inc. (NASDAQ:MDB) is one of the top performers on Tuesday.

MongoDB soared to a new record high on Tuesday, as investors took heart from its impressive earnings performance and upbeat outlook, alongside multiple investment firms’ bullish rating for its stock.

At intra-day trading, MongoDB, Inc. (NASDAQ:MDB) climbed to its highest price of $419.50 before paring gains to finish the day just up by 22.23 percent at $401.99 apiece.

This followed the results of its earnings performance in the third quarter of fiscal year 2026, where it narrowed its net loss by 79 percent to $2 million from $9.776 million in the same period last year.

Total revenues increased by 18.7 percent to $628.3 million from $529.37 million year-on-year, on the back of strong growth in its subscription and services segments, up 19 percent and 12 percent, respectively. The official figures exceeded the company’s third-quarter revenue guidance of $587 million to $592 million.

Following the impressive results, MongoDB, Inc. (NASDAQ:MDB) raised its revenue outlook for the full fiscal year of 2026 to a range of $2.434 billion to $2.439 billion from the $2.34 billion to $2.36 billion previously.

Operating income was also targeted at $436.4 million to $440.4 million, higher than its previous guidance of $321 million to $331 million.

Earnings per share were projected at a range of $4.76 to $4.80, or an upgrade from the $3.64 to $3.73 earlier.

For the fourth quarter alone, revenues are expected to settle anywhere between $665 million and $670 million; operating income is targeted at $139 million to $143 million, while EPS is pegged at $1.44 to $1.48.

In other developments, MongoDB, Inc. (NASDAQ:MDB) earned bullish coverage and price targets from Piper Sandler, Bernstein, and Citizens.

Piper Sandler gave the company an “overweight” rating with a price target of $490, higher than the $400 previously; Citizens issued a “market outperform” rating with a target of $475 versus $435; while Bernstein gave an “outperform” rating and raised its stock target to $452 from $338. 

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Disclosure: None. This article is originally published at Insider Monkey.