MongoDB price target lowered to $320 from $400 at RBC Capital

RBC Capital lowered the firm’s price target on MongoDB (MDB) to $320 from $400 but keeps an Outperform rating on the shares. The company ported a solid quarter overall, but softer guidance led shares down 16% after-hours, the analyst tells investors in a research note. FY26 revenue and operating margin guidance came in well below consensus as less multiyear deal activity creates a $50M headwind to revenue, but Atlas revenue was decent as consumption was stable and ahead of company expectations, the firm adds.