Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>MongoDB's fourth-quarter fiscal 2025 financial results present a mixed picture of growth and transition that both investors and analysts will find noteworthy.</li><li>The company reported revenue of $548.4 million, marking a 20% increase year-over-year and surpassing its own guidance expectations.</li><li>A significant driver of growth was MongoDB Atlas, the company's cloud database offering, which saw a 24% increase in revenue, now representing 71% of the total revenue.</li></ul>

MongoDB's fourth-quarter fiscal 2025 financial results present a mixed picture of growth and transition that both investors and analysts will find noteworthy.The company reported revenue of $548.4 million, marking a 20% increase year-over-year and surpassing its own guidance expectations.A significant driver of growth was MongoDB Atlas, the company's cloud database offering, which saw a 24% increase in revenue, now representing 71% of the total revenue.

MongoDB Inc.: Will Its Diversification & Expansion of Atlas Platform Help Achieve the Set Goal?

US-EU Index Rebalances / Quantitative Researcher

Dimitris Ioannidis

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/mongodb-inc" target="_blank" data-smartkarma-citation="entities:26655:1" rel="noopener">MongoDB (MDB US)</a> and <a href="https://www.smartkarma.com/entities/biogen-inc" target="_blank" data-smartkarma-citation="entities:972:1" rel="noopener">Biogen Inc (BIIB US)</a> are the main candidates for deletion based on their current and previous-review ranking.</li>
<li>
<a href="https://www.smartkarma.com/entities/ansys-inc" target="_blank" data-smartkarma-citation="entities:15473:1" rel="noopener">Ansys Inc (ANSS US)</a> is expected to be deleted from the index by June 2025 following its $35bn acquisition by <a href="https://www.smartkarma.com/entities/synopsys-inc" target="_blank" data-smartkarma-citation="entities:3493:1" rel="noopener">Synopsys Inc (SNPS US)</a>. </li>
<li>
<a href="https://www.smartkarma.com/entities/united-airlines-holdings-inc" target="_blank" data-smartkarma-citation="entities:15776:1" rel="noopener">United Airlines Holdings (UAL US)</a> and <a href="https://www.smartkarma.com/entities/alnylam-pharmaceuticals-inc" target="_blank" data-smartkarma-citation="entities:2191:1" rel="noopener">Alnylam Pharmaceuticals (ALNY US)</a> are <em>currently</em> the main candidates for addition, thus the first in line to replace <a href="https://www.smartkarma.com/entities/ansys-inc" target="_blank" data-smartkarma-citation="entities:15473:1" rel="noopener">Ansys Inc (ANSS US)</a>.</li>
</ul>



MongoDB (MDB US) and Biogen Inc (BIIB US) are the main candidates for deletion based on their current and previous-review ranking.

Ansys Inc (ANSS US) is expected to be deleted from the index by June 2025 following its $35bn acquisition by Synopsys Inc (SNPS US). 

United Airlines Holdings (UAL US) and Alnylam Pharmaceuticals (ALNY US) are currently the main candidates for addition, thus the first in line to replace Ansys Inc (ANSS US).


Nasdaq100 Dec2025 Forecast (Part 1): MDB & BIIB in Trouble; UAL & ALNY First Replacements

<ul><li>MongoDB Inc.'s third quarter fiscal 2025 results demonstrate a mix of growth challenges and strategic initiatives aimed at capturing future opportunities.</li><li>The company posted a 22% year-over-year increase in total revenue, reaching $529.4 million, surpassing guidance expectations.</li><li>Notably, Atlas, its cloud database solution, saw a 26% growth compared to the previous year and now constitutes 68% of the company's total revenue.</li></ul>

MongoDB Inc.'s third quarter fiscal 2025 results demonstrate a mix of growth challenges and strategic initiatives aimed at capturing future opportunities.The company posted a 22% year-over-year increase in total revenue, reaching $529.4 million, surpassing guidance expectations.Notably, Atlas, its cloud database solution, saw a 26% growth compared to the previous year and now constitutes 68% of the company's total revenue.

MongoDB Inc.: Industry Tailwinds from Cloud Migration & Data Modernization Driving Our Bullishness! - Major Drivers

Monolithic Power Systems, Inc / Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/monolithic-power-systems-inc" target="_blank" data-smartkarma-citation="entities:2088:1" rel="noopener">Monolithic Power Systems (MPWR US)</a> is a direct addition followed by <a href="https://www.smartkarma.com/entities/applovin-corp" target="_blank" data-smartkarma-citation="entities:32989:1" rel="noopener">AppLovin (APP US)</a> which is a conditional addition but close to be direct. Demand is ~$1.8bn and ~3.5 ADV.</li>
<li>
<a href="https://www.smartkarma.com/entities/dollar-tree-inc" target="_blank" data-smartkarma-citation="entities:10913:1" rel="noopener">Dollar Tree Inc (DLTR US)</a> is a direct deletion with the highest exclusion probability as it is  ranked above the exit rank of 125. </li>
<li>
<a href="https://www.smartkarma.com/entities/super-micro-computer-inc" target="_blank" data-smartkarma-citation="entities:7921:1" rel="noopener">Super Micro Computer (SMCI US)</a> , <a href="https://www.smartkarma.com/entities/arm-holdings-inc" target="_blank" data-smartkarma-citation="entities:21816:1" rel="noopener">ARM Holdings (ARM US)</a> and <a href="https://www.smartkarma.com/entities/moderna-inc" target="_blank" data-smartkarma-citation="entities:28744:1" rel="noopener">Moderna (MRNA US)</a> are amongst the prioritized constituents preventing eligible candidates from entering the index. </li>
</ul>



Monolithic Power Systems (MPWR US) is a direct addition followed by AppLovin (APP US) which is a conditional addition but close to be direct. Demand is ~$1.8bn and ~3.5 ADV.

Dollar Tree Inc (DLTR US) is a direct deletion with the highest exclusion probability as it is  ranked above the exit rank of 125. 

Super Micro Computer (SMCI US) , ARM Holdings (ARM US) and Moderna (MRNA US) are amongst the prioritized constituents preventing eligible candidates from entering the index. 


Nasdaq-100 December 2024 Forecasts: Monolithic Power & AppLovin It; Dollar Tree Needs Watering

<ul><li>MongoDB reported a commendable performance in its second quarter for fiscal year 2025, displaying resilience and adaptability in a complex market environment.</li><li>The company announced a revenue of $478 million, marking a 13% year-over-year increase which was above the upper limit of their provided guidance.</li><li>This increase was buoyed significantly by the 27% growth in Atlas revenue, which now constitutes 71% of total revenue.</li></ul>

MongoDB reported a commendable performance in its second quarter for fiscal year 2025, displaying resilience and adaptability in a complex market environment.The company announced a revenue of $478 million, marking a 13% year-over-year increase which was above the upper limit of their provided guidance.This increase was buoyed significantly by the 27% growth in Atlas revenue, which now constitutes 71% of total revenue.

MongoDB: How Are They Capitalizing On The Expanding Use Case Versatility? - Major Drivers

United States

MongoDB, Inc. develops database software. The Company provides an open-source database platform for automating, monitoring, and deployment backups. MongoDB renders enterprise software integration, platform certification, and commercial licensing services. MongoDB serves clients worldwide.

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MongoDB (MDB US)

MongoDB Inc.: Will Its Diversification & Expansion of Atlas Platform Help Achieve the Set Goal?

MongoDB's fourth-quarter fiscal 2025 financial results present a mixed picture of growth and transition that both investors and analysts will find...

Baptista Research

Nasdaq100 Dec2025 Forecast (Part 1): MDB & BIIB in Trouble; UAL & ALNY First Replacements

Ansys (ANSS) is expected to be deleted from Nasdaq100 by June 2025 following its acquisition by Synopsys (SNPS). United Airlines (UAL) and Alnylam...

Dimitris Ioannidis

MongoDB Inc.: Industry Tailwinds from Cloud Migration & Data Modernization Driving Our Bullishness! - Major Drivers

MongoDB Inc.'s third quarter fiscal 2025 results demonstrate a mix of growth challenges and strategic initiatives aimed at capturing future...

Baptista Research

Nasdaq-100 December 2024 Forecasts: Monolithic Power & AppLovin It; Dollar Tree Needs Watering

MPWR and APP are the top candidates for inclusion with an average forecasted demand at nearly $2bn and 3.5 ADV, while DLTR and ILMN face a high...

Dimitris Ioannidis

MongoDB: How Are They Capitalizing On The Expanding Use Case Versatility? - Major Drivers

MongoDB reported a commendable performance in its second quarter for fiscal year 2025, displaying resilience and adaptability in a complex market...

Baptista Research

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52-week Range

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MongoDB Inc.: Will Its Diversification & Expansion of Atlas Platform Help Achieve the Set Goal?

MongoDB's fourth-quarter fiscal 2025 financial results present a mixed picture of growth and transition that both investors and analysts will find...

Baptista Research

Nasdaq100 Dec2025 Forecast (Part 1): MDB & BIIB in Trouble; UAL & ALNY First Replacements

Ansys (ANSS) is expected to be deleted from Nasdaq100 by June 2025 following its acquisition by Synopsys (SNPS). United Airlines (UAL) and Alnylam...

Dimitris Ioannidis

MongoDB Inc.: Industry Tailwinds from Cloud Migration & Data Modernization Driving Our Bullishness! - Major Drivers

MongoDB Inc.'s third quarter fiscal 2025 results demonstrate a mix of growth challenges and strategic initiatives aimed at capturing future...

Baptista Research

Nasdaq-100 December 2024 Forecasts: Monolithic Power & AppLovin It; Dollar Tree Needs Watering

​MPWR and APP are the top candidates for inclusion with an average forecasted demand at nearly $2bn and 3.5 ADV, while DLTR and ILMN face a high...

Dimitris Ioannidis

MongoDB: How Are They Capitalizing On The Expanding Use Case Versatility? - Major Drivers

MongoDB reported a commendable performance in its second quarter for fiscal year 2025, displaying resilience and adaptability in a complex market...

Baptista Research

MPWR and APP are the top candidates for inclusion with an average forecasted demand at nearly $2bn and 3.5 ADV, while DLTR and ILMN face a high...