MongoDB price target lowered to $300 from $360 at Wedbush

Wedbush lowered the firm’s price target on MongoDB (MDB) to $300 from $360 and keeps an Outperform rating on the shares. The firm notes MongoDB reported its Q4 results with top and bottom-line beats that will be overshadowed by the relatively weak FY26 guidance as the company faces multiple headwinds across both Atlas, which is expecting to see a moderate impact from AI, and non-Atlas revenue segments while looking to capitalize on its growth initiatives to maximize on the current and long-term opportunities.