
Wells Fargo cuts MongoDB to Equal Weight amid growth deceleration
Investing.com -- Wells Fargo on Thursday downgraded MongoDB (NASDAQ:MDB) stock from Overweight to Equal Weight and slashed its price target from $365 to $225 after the company delivered fiscal year 2026 (FY26) revenue and operating margin (OM) guidance well below expectations.The database software maker’s shares plunged more than 18% in premarket trading Thursday on the disappointing outlook.M ...