MongoDB (MDB) PT Lowered to $380 at Wedbush

Wedbush analyst Daniel Ives lowered the price target on MongoDB (NASDAQ: MDB) to $380.00 (from $440.00) while maintaining a Outperform rating.

The analyst commented, "MongoDB ended the year with FY4Q26 results featuring beats on the top and bottom-line which will be largely overshadowed by the weaker FY27 revenue guidance as the company remains conservative around Atlas consumption around 2H27 despite being integrated into mission-critical applications. We maintain our OUTPERFORM rating while lowering our price target from $440 to $380 as we remain positive on the company’s ability to turn the ship around and drive incremental growth opportunities overtime with Atlas front and center."

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