Oppenheimer lowered the firm’s price target on MongoDB (MDB) to $330 from $400 and keeps an Outperform rating on the shares. The firm notes MongoDB delivered a solid Q4, beating estimates but offering lower FY26 guidance. Atlas demand remains stable and multi-year EA deals were strong, though several headwinds have combined to negatively impact its outlook, Oppenheimer adds. The firm says that given its confidence in management’s execution, Oppenheimer remains engaged.
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