Piper Sandler lowered the firm’s price target on MongoDB (MDB) to $280 from $425 on lower estimates and lower multiple given heightened execution risks, while keeping an Overweight rating on the shares. The firm is also lowering 2026 growth to 12.8% based on EA headwinds. This marks the second straight year with initial guidance set at less than 14% where the volatile non-Atlas segment impacted by ASC 606 accounting rules and multi-year deals have overshadowed healthy Atlas growth.
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