Citi recommends buying shares of MongoDB (MDB) on today’s post-earnings selloff. The company posted solid Q4 results, showing improvements in Atlas consumption, though the quarter was overshadowed by a more conservative fiscal 2026 guidance, the analyst tells investors in a research note. Citi is a buyer of the shares, seeing “more prudence” in the guidance given the ongoing CFO transition. The firm now has more conviction in upside to numbers with MongoDB’s fundamentals “stable to improving” in Q4 with underlying Atlas consumption and sales productivity both improving in the quarter. It keeps a Buy rating on the shares with a $430 price target
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MDB:
- MongoDB price target lowered to $330 from $400 at Oppenheimer
- MongoDB’s Cloud Atlas continues ‘solid, steady growth’, says Loop Capital
- MongoDB price target lowered to $300 from $390 at Baird
- MongoDB price target lowered to $340 from $425 at Stifel
- MongoDB price target lowered to $280 from $425 at Piper Sandler