MongoDB post-earnings decline ‘seems overblown’, says Barclays

Barclays keeps an Overweight rating and $440 price target on MongoDB (MDB) after the company’s Q4 results and guidance after market close. MongoDB’s Atlas growth was a solid 29%, though it decelerated fro m30% in Q3, the analyst tells investors in a research note. Investors should also remember the management’s conservative approach in recent years as the company has guided 17% for FY27, which is “higher than in previous years”, the firm notes, also stating that it remains positive on the long-term story and sees the current decline as a “buying opportunity”.