MongoDB Atlas Revenue 'Solid,' AI Integration Set To Drive Strong Cash Flows: Analysts
MDBMongoDB(MDB) Benzinga·2024-08-31 02:14

MongoDB, Inc MDB stock climbed on Friday after the company reported upbeat second-quarter earnings on Thursday. The company reported quarterly sales of $478.1 million, up 12.8% year-on-year. It topped analyst consensus estimates of $464 million. The quarterly earnings of 70 cents per share beat the analyst consensus estimate of 49 cents. The results came amid an exciting earnings season. Here are some key analyst takeaways. RBC Capital analyst Rishi Jaluria reiterated MongoDB with an Outperform and a $350 p ...