On June 29, MongoDB rose 5.11% in regular trading, trading at $333.034/share, with turnover of $73.42 million.

On the news front, MongoDB's fiscal Q1 results significantly exceeded expectations, continuing to fuel bullish momentum. The company reported revenue of $688 million, up 25% year-over-year and above the consensus estimate of $665 million. Adjusted EPS came in at $1.32, surpassing the $1.18 estimate by approximately 12%. MongoDB simultaneously raised its full-year revenue guidance to $2.92 billion–$2.96 billion, signaling management confidence in sustained growth.

Following the earnings release, BofA Securities raised its price target to $450 from $390 maintaining a Buy rating, while Tigress Financial lifted its target to $515 from $430, also maintaining Buy. RBC Capital Markets highlighted continued Atlas momentum with 29.4% revenue growth and strengthening AI-native customer traction as key catalysts.

Within the Internet Services & Infrastructure sector, the broader tone remained positive, with Cloudflare up 2.17%, Shopify up 1.58%, and Snowflake up 1.88%.

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