BUZZ-MongoDB surges after hiking annual profit, revenue forecasts

** Software firm MongoDB's MDB.O shares jump 17% to $287.52

** Company raised its forecasts for full-year revenue and profit on Thursday

** MDB sees FY25 revenue in the range of $1.92 bln to $1.93 bln vs $1.88 bln to $1.90 bln expected earlier

** Company raises its annual forecast for adjusted EPS to between $2.33 and $2.47 vs $2.15 to $2.30 earlier

** At least 13 brokerages raise price targets on the stock after results

** "The solid beat-and-raise suggests the worst of a 2-year growth moderation is behind MDB," analysts at Piper Sandler write in a

** MDB reported Q2 total revenue of $478.1 mln, an increase of 13% year-over-year

** "We believe we are incredibly well positioned to help customers incorporate generative AI into their business and modernize their legacy application estate" - CEO Dev Ittycheria

** Quarterly loss widened to $54.5 mln vs $37.6 mln, a year ago

** Including session gains, stock down ~30% YTD

(Reporting by Manya Saini in Bengaluru)

((Manya.Saini@thomsonreuters.com))