Selected stock price target news of the day - March 6th, 2025

By: Matthew Otto

MongoDB Reports Fiscal 2025 Growth but Issues Lower-Than-Expected Guidance

MongoDB reported fourth-quarter fiscal 2025 revenue of $548.4 million, a 20% increase year-over-year, surpassing the consensus estimate of $520.54 million. Earnings per share of $1.28 exceeded analyst expectations by $0.62.

For the full year, revenue grew 19% to $2.01 billion, driven by a 24% increase in MongoDB Atlas revenue, which accounted for 71% of fourth-quarter sales. 1,900 customers added during the quarter, bringing its total to 54,500. Net income for the quarter was $15.8 million, or $0.20 per share, compared to a net loss of $55.5 million, or $0.77 per share, in the prior year.

Operating losses narrowed to $18.6 million from $71.0 million, and cash flow from operations reached $50.5 million. However, deferred revenue came in at $360 million, below the expected $370.4 million.

For fiscal 2026, MongoDB forecasts earnings per share between $2.44 and $2.62, below the analyst consensus of $3.39. Full-year revenue is projected between $2.24 billion and $2.28 billion, short of the expected $2.32 billion. For the first quarter, MongoDB expects revenue between $524 million and $529 million, in line with the consensus of $526 billion, and earnings per share between $0.63 and $0.67, slightly above the $0.63 analyst estimate.

Analysts Lower Price Targets Amid Weaker Guidance

Morgan Stanley analyst Sanjit Singh maintained an Overweight rating yet lowered the price target from $350 to $315.
BofA Securities analyst Bradley Sills reiterated a Buy rating but reduced the price target from $420 to $286.
Baird analyst William Power maintained an Outperform rating while adjusting the price target from $390 to $300.
Needham analyst Mike Cikos kept a Buy rating and cut the price target from $415 to $270.
Canaccord Genuity analyst David Hynes maintained a Buy rating and lowered the price target from $385 to $320.
Wells Fargo analyst Andrew Nowinski downgraded from Overweight to Equal-Weight and the price target from $365 to $225.

Which Analyst has the best track record to show on MDB?

Analyst David Hynes (CANACCORD) currently has the highest performing score on MDB with 12/13 (92.31%) price target fulfillment ratio. His price targets carry an average of $87.8 (29.54%) potential upside. MongoDB stock price reaches these price targets on average within 87 days.

Marvell Technology Reports Strong Q4 Results, Provides In-Line Guidance for Q1

Marvell Technology reported fourth-quarter revenue of $1.82 billion, slightly surpassing the consensus estimate of $1.8 billion and marking a 27% year-over-year increase. Marvell posted earnings per share of $0.60, beating analyst expectations by $0.01. Net income for the quarter was $200.2 million, or $0.23 per diluted share, while adjusted net income totaled $531.4 million.

Marvell generated $514.0 million in operating cash flow during the quarter and $1.68 billion for the full fiscal year. Marvell reported an annual net loss of $885.0 million, or $1.02 per diluted share, while adjusted full-year earnings stood at $1.377 billion, or $1.57 per diluted share. Marvell also returned $933 million to shareholders through stock buybacks and dividends.

For the first quarter of fiscal 2026, Marvell provided revenue guidance of $1.875 billion, aligning with analyst expectations of $1.87 billion. Marvell expects earnings per share in the range of $0.56 to $0.66, compared to the consensus estimate of $0.60. Its data center segment generated $1.37 billion in revenue during the fourth quarter, reflecting a 78% year-over-year increase driven by demand for custom AI chips.

Analysts Lower Price Targets Despite Q4 Results

Morgan Stanley analyst Joseph Moore maintained an Equal-Weight rating while lowering the price target from $113 to $90.
BofA Securities analyst Vivek Arya reiterated a Buy rating but reduced the price target from $150 to $120.
Benchmark analyst Cody Acree kept a Buy rating and the price target at $135.
Needham analyst Quinn Bolton maintained a Buy rating yet lowered the price target from $120 to $100.

Which Analyst has the best track record to show on MRVL?

Analyst Toshiya Hari (GOLDMAN SACHS) currently has the highest performing score on MRVL with 10/12 (83.33%) price target fulfillment ratio. His price targets carry an average of $15.85 (13.76%) potential upside. Marvell Technology stock price reaches these price targets on average within 197 days.

Veeva Systems Reports Fiscal Year 2025 Results with 16% Revenue Growth

Veeva Systems reported total revenues of $2,746.6 million for fiscal year 2025, reflecting a 16% year-over-year increase. Subscription services revenues reached $2,284.7 million, growing 20% from the prior year. Fourth-quarter total revenues were $720.9 million, up 14% year over year, surpassing the consensus estimate of $699.18 million. Subscription services revenues increased 17% to $608.6 million.

Q4 earnings per share (EPS) came in at $1.74, exceeding analyst expectations of $1.58 by $0.16. Operating income for fiscal 2025 rose 61% to $691.4 million, while net income for the year was $714.1 million, an increase of 36%. Earnings per share for the year reached $4.32, compared to $3.22 in the previous year.

Fourth-quarter operating income rose 39% year over year to $188.4 million, while net income for the quarter was $195.6 million, up 33%. Veeva ended the year with 1,477 customers, including 1,125 in Veeva R&D Solutions and 730 in Veeva Commercial Solutions.

Looking ahead, Veeva expects Q1 fiscal 2025 EPS between $1.74 and $1.75, above the consensus estimate of $1.62, with projected revenues between $726 million and $729 million, slightly exceeding the consensus of $725.8 million. For fiscal 2026, Veeva forecasts EPS of approximately $7.32, higher than the consensus estimate of $6.97, with projected revenues ranging from $3.04 billion to $3.05 billion, slightly below the consensus of $3.06 billion.

Analysts Adjust Price Targets with Diverging Ratings

Morgan Stanley analyst Craig Hettenbach maintained an Underweight rating while raising the price target from $195 to $201.
Baird analyst Joe Vruwink continued with Outperform rating and increased the price target from $283 to $285.
Needham analyst Ryan MacDonald kept a Buy rating and the price target at $270.

Which Analyst has the best track record to show on VEEV?

Analyst Saket Kalia (BARCLAYS) currently has the highest performing score on VEEV with 21/23 (91.3%) price target fulfillment ratio. His price targets carry an average of $24.55 (9.80%) potential upside. Veeva Systems stock price reaches these price targets on average within 149 days.