Wall Street Zen downgraded MongoDB (NASDAQ: MDB) from a "buy" rating to a "hold" rating on Saturday. The report provided no specific reasons for the downgrade. This action follows a period of stock volatility.
Despite the downgrade, MongoDB stock rose 5.5% the same day. The company's last quarterly earnings report occurred on December 1st. In that report, MongoDB beat analyst expectations for both earnings per share and revenue.
MongoDB provided guidance of $1.440-$1.480 EPS for its upcoming fourth-quarter 2026 results.