MongoDB shares are trading lower at $335.09 (-0.74%) on February 5, 2026, as the stock underperforms the broader market decline driven by a widespread tech sector sell-off.
- The decline is attributed to general market pressures, including fears over Alphabet's AI capital expenditure and AMD's weak outlook, contributing to the Nasdaq's 0.84% drop.
- The stock is currently under pressure from elevated volatility (VIX 18.64) and broader recession fears stemming from high jobless claims (231,000).
- MongoDB recently received a positive outlook, with BofA raising its price target to $500 (Buy) based on anticipated 30% growth in its Atlas platform.