MongoDB price target lowered to $280 from $330 at Barclays

Barclays lowered the firm’s price target on MongoDB (MDB) to $280 from $330 and keeps an Overweight rating on the shares post the Q4 report. The firm says “guidance was the main issue” for the print as MongoDB’s Q4 results were “actually healthy,” with a 6% revenue beat and higher profitability. At first glance, the fiscal 2026 outlook “looks weak” with 13% year-over-year growth and only 10% margin, but the implied Atlas growth is low 20s, “which is a very solid start,” the analyst tells investors in a research note. Barclays believes the outlook is not as bad as the optics suggest.