MongoDB (MDB) Stock News

Scotiabank increased its price target for MongoDB from $440.00 to $450.00.

WSJ recap: Boeing -6.9% on 737 MAX software glitch; MongoDB -18% after CEO departs for Meta; Nvidia +1.7% on $150B buyback authorization; Meta -4.8%; Oracle -3.3% on data-center project concerns; UK housebuilders surge on first-time buyer program.

Major indexes pared losses after report of Iran-mediator meeting. MongoDB dropped 17%+ on CEO departure. Nvidia rose on $150B buyback authorization. 10-year yield hit 5.25%.

MongoDB CEO Chirantan Desai is leaving to join Meta Platforms as head of its new Meta Enterprise Platform Unit. MDB shares fell more than 16% in premarket trading. Former CEO Dev Ittycheria returns as interim CEO. MongoDB reaffirmed its guidance.

MongoDB CEO Desai resigns to join Meta; interim CEO appointed.

Meta is launching Meta Enterprise Platform, a new business unit selling AI tools to companies. Former MongoDB CEO CJ Desai will lead the unit, reporting to Mark Zuckerberg. The move aims to monetize Meta's $100B+ AI infrastructure investment.

MongoDB Q2 revenue $771.8M vs est $734M, adj EPS $1.90 vs $1.61. lifts FY27 revenue and EPS guidance above consensus. Q3 guide also above estimates. Stock down >12% after hours.

D.A. Davidson lifts MongoDB price target to $465 from $375.