MongoDB Stock (MDB) Shakes Off AI Fears on ‘Constructive’ Review Ahead of Q4

2026-02-24 16:05:20

After dropping more than 11% on Monday over artificial intelligence jitters, shares in cloud-based database provider MongoDB MDB +4.24% ▲ trended higher on Tuesday morning. This comes as banking giant Citi C -1.84% ▼ trimmed its price target for MDB but noted that its quarterly follow-up checks on MongoDB’s customers returned “constructive” results.

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This suggests that the incoming fourth-quarter fiscal 2026 earnings should be okay to good.

Citi Sees 20% Long-Term Growth after Q4 Review

Citi analyst Tyler Radke slashed his price target by about 17%, from $525 to $435, indicating about 40% upside. However, he clarified that his team’s check-in with MongoDB’s customers, partners, and AI-native startups pointed to healthy demand and a wider range of applications of its products across sectors like utilities and retail.

The three-star analyst also found that the pace of companies moving their legacy mainframe computer systems into MongoDB’s platforms remains steady. He argued that this could lead the company — which has its U.S. headquarters in New York — to about 20% growth over the long term.

What Does Wall Street Expect from the Q4 Earnings?

Over the years, MongoDB, which was founded in 2007, has pivoted toward artificial intelligence and now boasts several AI-powered tools. These include MongoDB AMP, which helps businesses to modernize their legacy application codes; Voyage AI, which supports the development and tuning of AI models; and Atlas Vector Search, which makes it possible to store and retrieve vectorized data.

MongoDB’s fourth quarter earnings results for the period ending on January 31, 2026, are expected to arrive next Monday (March 2, 2026). Analysts see earnings per share coming in at $1.48 on revenue of $670.06 million, with both up about 16% and 22%, respectively.

  _MongoDB has a good history of beating analysts’ consensus EPS estimates_.

Is MDB a Strong Buy?

Despite AI jitters, MongoDB’s shares remain a Strong Buy on Wall Street based on analysts’ consensus rating. This breaks down to 24 Buys and four Holds recommended by 28 analysts over the past three months.

In addition, the average MDB price target of $462.46 implies about 46% upside from current levels.

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