MongoDB (MDB) shares plummeted 10.24% to $309.28 as the software sector reacted to a new 15% global flat tariff, significantly outpacing the Nasdaq’s 1.10% decline.

  • Oppenheimer analysts recently reduced their price target for the stock to $425 on February 18.
  • Investors are aggressively de-risking ahead of the March 2 earnings report despite continued adoption of the AI-native Atlas platform.