MongoDB shares plummet on weak revenue forecast
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MongoDB Inc shares dropped over 20% due to a disappointing revenue forecast for fiscal 2026, projecting 12% growth, which is below the 18% expected by analysts.
March 06, 2025 | 4:30 pm
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MongoDB's stock price fell more than 20% after the company issued a revenue forecast for fiscal 2026 that was below analyst expectations. The company expects 12% growth, while analysts anticipated 18%.
The significant drop in MongoDB's stock price is directly linked to the company's revenue forecast, which fell short of analyst expectations. This indicates a potential slowdown in growth, leading to negative investor sentiment.
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