Atlas News & Analysis

MongoDB (MDB) Sees Billionaire Holdings Drop By $2.23B in 2026

MongoDB, Inc. (MDB) experienced a decline in billionaire holdings from $4.23 billion in Q4 2025 to $1.99 billion in Q1 2026, a decrease of about $2.23 billion. Despite this, analysts have raised price targets, with BofA raising its target to $450 from $390 and Tigress Financial increasing it to $515 from $430, both maintaining 'Buy' ratings. Scotiabank updated its target to $395 from $310, while Wedbush raised it to $390 from $380. MongoDB's fiscal 2027 results showed strong performance and a significant revenue guidance raise, particularly in Atlas consumption.