MongoDB, Inc. (NASDAQ:MDB) shares slid on Tuesday even after the company posted a strong quarter and topped Wall Street profit and revenue expectations.
Investors appeared to focus on a softer near-term outlook, which overshadowed the upbeat results.
• MongoDB stock is showing notable weakness. Why is MDB stock falling?
Earnings Snapshot
MongoDB reported quarterly earnings of $1.65 per share, which beat the Street estimate of $1.45, according to Benzinga Pro.
Quarterly revenue of $695.07 million beat the consensus estimate of $667.15 million and was up from $548.4 million from the same period last year.
MongoDB expected first-quarter adjusted EPS of $1.15 to $1.19, versus the $1.21 analyst estimate, and revenue of $659 million to $664 million, versus the $661.94 million estimate.
Here are the key analysts’ takes on the stock:
- Needham analyst Mike Cikos maintained a Buy rating on the stock, lowering the price target from $500 to $300.
- Rosenblatt analyst Blair Abernethy maintains a Buy rating, trimming the price target from $425 to $385.
- Scotiabank analyst Patrick Colville maintained a Sector Perform rating, lowering the price target from $415 to $275.
- Cantor Fitzgerald analyst Thomas Blakey maintained an Overweight rating, lowering the price target from $454 to $378.
Needham
Analyst Cikos viewed MongoDB as an emerging industry leader with strong products targeting a large market opportunity. MongoDB has driven a major go-to-market turnaround, the analyst said. He pointed to stronger direct selling and about 60% year-over-year new-logo growth, excluding Voyage.
The analyst believed MongoDB is expanding its value as a leading database platform by adding features once handled by separate tools.
He said prior enterprise investments in Atlas were paying off, with management highlighting solid strength among enterprise customers.
The analyst noted MongoDB led peers in the next-generation database market, which the company estimated at about $105 billion today.
Rosenblatt
Analyst Abernethy said customers have steadily adopted MongoDB 8.0 and later versions, which delivered major performance gains. He added that those upgrades support application modernization efforts across customer deployments.
Abernethy expected more AI features in Enterprise Advanced during 2026 to better align with Atlas capabilities. He said those additions should help Enterprise Advanced sustain positive momentum.
Scotiabank
Analyst Colville said recent checks across large companies pointed to a better medium-term outlook for enterprise AI adoption. He said the market narrative shifted from “hotly debated” to “consensus long” ahead of results.
Colville said he did not see near-term evidence that MongoDB’s share of new database wins was accelerating. He called MongoDB a standout software company with many strengths and durable customer demand.
Colville said the company faces limited risk from “vibe coded” copycats because its tools served critical workloads. Still, he said he would stay on the sidelines as expectations reset.
Cantor Fitzgerald
Analyst Blakey said MongoDB remained well-positioned as a core piece of enterprise AI data stacks.
He said the platform offered an OLTP-based intelligent data layer and included vector features that support simpler development. Blakey added that MongoDB could scale efficiently, which supported his Overweight rating.
MDB Price Action: MongoDB shares were trading lower by 19.60% to $261.30 at publication on Tuesday.
Photo: T. Schneider via Shutterstock
