Key Stats for MongoDB Stock
- Pre-market Price Change for MDB stock: 22%
- $MDB Share Price as of Dec. 1: $329
- 52-Week High: $385
- $MDB Stock Price Target: $372
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What Happened?
MongoDB (MDB) stock surged over 21% in pre-market trading following a standout third-quarter earnings report that crushed analyst expectations across the board.
The database software company posted revenue of $628.3 million, up 19% from last year and well above the $593.4 million analysts anticipated.
MongoDB’s adjusted earnings came in at $1.32 per share, nearly doubling Wall Street’s estimate of $0.79 per share. The beat was driven by accelerating growth in Atlas, the company’s cloud database platform, which grew 30% year-over-year and now represents 75% of total revenue.
New CEO Chirantan “CJ” Desai pointed to strength across multiple customer segments during his first earnings call. He highlighted significant growth among large enterprise customers in the Americas, Europe, the Middle East, and Africa.
The company also saw exceptional results from its self-service business, attracting digital natives, AI startups, and developers worldwide.
MongoDB added 2,600 customers during the quarter, bringing its total customer base to over 62,500. It now serves more than 70% of the Fortune 100, reflecting its growing importance as enterprises modernize their data infrastructure.
Looking ahead, MongoDB raised its full-year fiscal 2026 revenue guidance to $2.434 billion to $2.439 billion, up from its previous range of $2.34 billion to $2.36 billion.
This increase of $79 million at the high end demonstrates management’s confidence in sustained momentum.
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What the Market Is Telling Us About MDB Stock
The sharp rally in MDB stock signals investors are excited about the company’s position in traditional database modernization and emerging AI workloads.
The acceleration in Atlas growth is particularly noteworthy, as consumption patterns have remained strong and are now translating into higher revenue growth rates.
Desai emphasized that MongoDB’s core business remains robust even before AI becomes a meaningful revenue driver.
He noted that enterprise modernization efforts are ongoing and will likely continue for the next five to seven years, providing a substantial base for growth.
On the AI front, MongoDB is seeing early traction with AI-native companies that require scalable databases for unstructured and semi-structured data.
The company’s recent acquisition of Voyage AI, which provides embedding models for improved search accuracy, is positioning MDB stock as a potential infrastructure play for the AI era.
Operating margins also expanded to 20% in the third quarter, up from 19% a year ago, showing the company can grow revenue while improving profitability. Free cash flow reached $140 million compared to just $35 million in the prior-year period.
Investors should monitor how MongoDB executes on its AI strategy and whether large enterprises continue expanding their workloads on the Atlas platform.
With management now projecting Atlas to grow approximately 27% in the fourth quarter, MDB stock appears to have regained momentum heading into the new year.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
