BofA lowered the firm’s price target on MongoDB (MDB) to $286 from $420 and keeps a Buy rating on the shares. Q4 results were “solid,” though the FY26 outlook was “disappointing,” the analyst tells investors. However, key growth metrics trended well and the firm sees the growth rate improving from here, added the analyst, who believes that total revenue and Atlas revenue growth rates have bottomed at 12% and 21% and sees downside support at the current valuation.
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