Morgan Stanley lowered the firm’s price target on MongoDB (MDB) to $315 from $350 and keeps an Overweight rating on the shares. Despite a “strong” Q4 and in-line Q1 guidance, FY26 revenue growth guidance of 12%-14% disappointed, the analyst tells investors. However, headwinds remain limited to the Non-Atlas business, while Atlas consumption stabilized and the firm still sees Atlas accelerating in Q1 and sustaining mid-20 percentage growth through FY26, the analyst added.
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