MongoDB price target lowered to $345 from $380 at Citizens JMP

Citizens JMP lowered the firm’s price target on MongoDB (MDB) to $345 from $380 and keeps an Outperform rating on the shares. The company reported better-than-expected Q4 results, but guidance was mixed, leaving the stock down 16% in after-hours trading, the analyst tells investors in a research note. While MongoDB noted that it would see a “high-single-digit rate of decline in the non-Atlas business,” in fiscal 2026 and the uncertainty from Washington, D.C. may slow sales cycles, the firm says it continues to like this stock for long-term capital appreciation for a number of reasons.