Canaccord analyst Kingsley Crane lowered the firm’s price target on MongoDB (MDB) to $320 from $385 and keeps a Buy rating on the shares. The firm said they closed out 2025 with strong top- and bottom-line results driven by better than expected consumption trends within Atlas as well as better than expected multi-year license performance. However, the solid Q4 results were overshadowed by initial FY26 guidance that came in well below the Street.
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