MongoDB, Inc. (MDB) is set to report third-quarter results after the closing bell on Monday, December 1, and the setup looks pretty interesting. The database company has fresh leadership, raised expectations, and a bunch of bullish analysts lining up with their takes.
Wall Street is expecting quarterly earnings of 79 cents per share from the New York-based company, which would mark a decline from $1.16 per share in the same quarter last year. On the revenue side, the consensus estimate sits at $593.44 million, up from $529.38 million a year ago. So we're looking at revenue growth paired with an earnings decline—always a fun combination that usually means the company is investing heavily in something.
The leadership shuffle happened just a few weeks ago. On November 3, MongoDB announced that its board appointed Chirantan "CJ" Desai as president and CEO, effective November 10. More importantly for investors watching the upcoming print, the company also announced it expects to beat the high end of its previously provided third-quarter fiscal 2026 guidance across revenue, operating income, and earnings per share. That's the kind of pre-announcement that tends to set a pretty high bar.
Shares of MongoDB closed at $326.27 on Wednesday, down 1.7%. But the analyst community has been plenty active with their assessments heading into earnings.
Here's what the most accurate analysts covering MongoDB have been saying recently:
- Rosenblatt analyst Blair Abernethy maintained a Buy rating with a $385 price target on November 25. This analyst has a 69% accuracy rate.
- Citigroup analyst Tyler Radke maintained a Buy rating and lifted the price target from $425 to $440 on November 20. This analyst's accuracy rate stands at 67%.
- DA Davidson analyst Rudy Kessinger kept a Buy rating while raising the price target from $365 to $415 on November 4. This analyst has a 64% accuracy rate.
- Truist Securities analyst Miller Jump maintained a Buy rating and bumped the price target from $375 to $400 on November 4. This analyst's accuracy rate is 62%.
- BMO Capital analyst Keith Bachman maintained an Outperform rating and increased the price target from $365 to $415 on November 4. This analyst boasts a 76% accuracy rate.
What's notable here is the clustering of ratings around early November, right when the company made its leadership and guidance announcements. Several analysts responded by lifting their targets, with the spread now ranging from $385 to $440—all meaningfully above where the stock is currently trading. That suggests the Street is pricing in solid execution, though Monday's results will tell us whether that optimism is justified.
