MongoDB Inc., a prominent database software company, is poised to unveil its financial performance for the third quarter of fiscal year 2026. This announcement comes amidst significant internal changes and a wave of positive revisions from Wall Street's leading analysts, underscoring strong market anticipation for the company's upcoming report.
MongoDB Inc. Gears Up for Q3 Earnings Release Amidst Leadership Changes and Positive Analyst Revisions
On Monday, December 1, following the close of the trading day, MongoDB Inc. (NASDAQ: MDB) is scheduled to release its much-anticipated earnings report for the third fiscal quarter. Market analysts are closely watching, with a consensus expectation of 79 cents in earnings per share. This figure marks a decline from the $1.16 reported in the same period last year. Furthermore, the company's quarterly revenue is projected to reach approximately $593.44 million, a notable increase from $529.38 million recorded in the prior year's third quarter.
A significant development preceding this earnings announcement was the appointment of Chirantan "CJ" Desai as MongoDB's new President and CEO, effective November 10. This leadership transition occurred shortly after the company revealed on November 3 that it expects to surpass the upper end of its previously issued guidance for the third fiscal quarter of 2026 across key financial metrics, including revenue, operating income, and earnings per share. Despite these optimistic projections, MongoDB's shares experienced a slight dip, closing at $326.27 on Wednesday, a 1.7% decrease.
In the lead-up to the earnings call, several highly accurate analysts have reiterated their positive outlooks and adjusted price targets for MongoDB. On November 25, 2025, Rosenblatt analyst Blair Abernethy reaffirmed a "Buy" rating, setting a price target of $385. Citigroup's Tyler Radke upgraded their price target from $425 to $440 on November 20, 2025, while maintaining a "Buy" rating. DA Davidson's Rudy Kessinger and Truist Securities' Miller Jump both increased their price targets to $415 and $400, respectively, on November 4, 2025, alongside their "Buy" recommendations. Similarly, BMO Capital analyst Keith Bachman elevated the price target to $415, keeping an "Outperform" rating, also on November 4, 2025.
The collective confidence from these analysts, reflected in their consistently high accuracy rates and upwardly revised price targets, indicates a strong belief in MongoDB's continued growth trajectory and operational efficiency. Investors will be keenly awaiting the official results to confirm these positive sentiments.