MongoDB (MDB) PT Lowered to $345 at Citizens JMP

Citizens JMP analyst Patrick Walravens lowered the price target on MongoDB (NASDAQ: MDB) to $345.00 (from $380.00) while maintaining a Market Outperform rating.

The analyst commented, “the company reported better-than-expected F4Q25 results, with non- GAAP EPS of $1.28 (consensus $0.66) on revenue of $548.4M (consensus $519.6M), up 20% y/y, a deceleration from 22% last quarter, on Atlas revenue growth of 25%, down from 26% growth last quarter, and with non-GAAP operating margin of 20.5% (consensus 11.2%), up from 19.2% last quarter.”

Also, “The company provided mixed guidance, with: 1) F1Q26 non-GAAP EPS of $0.63-$0.67 (consensus $0.62) and operating income of $54.0M-$58.0M (consensus $52.8M) on revenue of $524.0M-$529.0M (consensus $527.1M), implying growth of ~17% at the midpoint; and 2) FY26 non-GAAP EPS of $2.44-$2.62 (consensus $3.35) and operating income of $210.0M-$230.0M (consensus $305.6M) on revenue of $2.240B-$2.280B (consensus $2.325B), implying growth of ~14% at the midpoint — all of which left the stock down 16% in the aftermarket after an increase of 13% YTD versus a decrease of 1% for the Russell 3000.”

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