MongoDB (NASDAQ: MDB) recently had a historically bad trading day after the database firm’s latest earnings on Mar. 5, shares traded down by nearly 27%. As of the March 20 close, the stock is down over 47% from where it started 52 weeks ago. Despite having a strong fiscal Q4 2025, the firm’s guidance for the next year was very disappointing. Wall Street analysts across the board slashed price targets, punctuating the market's displeasure.
MarketBeat tracked 15 analysts who updated their price target on Mar. 6 or later. On average, they lowered their target by 23%. This indicates that, in general, Wall Street doesn’t see the move in MongoDB stock as a drastic overreaction. However, the average updated price target of $294 still shows an implied upside north of 55% versus MongoDB’s Mar. 20 closing price.
