TMTB: MDB ORCL AVGO ADBE 1-liners/bogeys
MDB (Today post-mkt)
Implied move: 14.6% vs 12.2% historical move
Short-term Positioning: 7.5 out of 10
Long-term Positioning: 8 out of 10
YTD: 12%
Since Last Q: 39%
1-liner: Bullish sentiment has increased due to expectations of 2025 acceleration given AI tailwinds and comps getting significantly easier starting this q and into next year + general sw bullishness in general. Bogeys only imply ~2-3 ppts point beat in Q3 vs guide despite typical beat of ~6%+ (although last couple quarters its been 3-4%). Q4 estimates imply a decel of 4ppts on a 3 ppts easier comp and bulls would ideally want to see a guide that supports an acceleration exiting the year after accounting for typical MDB conservatism. All eyes on Atlas growth…
Buyside Bogeys:
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