MongoDB's stock dropped 25% in a month following the surprise departure of CEO CJ Desai, who left to join Meta. Despite the leadership change, the company reported strong revenue growth of 30.5% year over year and reaffirmed its guidance. Citigroup raised its price target to $565, signaling a potential 70% gain based on growth in its Atlas cloud database, AI integration, and improving margins. The stock trades at about 70 times forward earnings, reflecting leadership risk but also significant upside if the company maintains execution under interim CEO Dev Ittycheria.
MongoDB shares are currently priced at USD 324.08 on Pluang, down 3.17% in the last day. The stock holds a market cap of $26.96 billion and sees a typical hold time of 46 days among Pluang investors as of Sep 29, 2026 22:02 WIB.
MongoDB and Cognition have partnered to launch Devin for MongoDB Modernizations, a tool that accelerates the migration of legacy systems to MongoDB Atlas. Devin automates rewriting legacy code while MongoDB's Application Modernization Platform (AMP) ...
MongoDB introduced Atlas Agent Engine, a unified platform that integrates execution, memory, and governance for AI agents, addressing key production challenges like security, memory retention, and vendor lock-in. This platform allows enterprises to d...
MongoDB released version 9.0, boosting database performance with up to twice the throughput, 35% faster reads, and 30% faster updates, enhancing its cloud data platform MongoDB Atlas. Alongside, Atlas Infinite entered public preview, introducing a ne...
Meta Platforms Inc has introduced the Meta Enterprise Platform, designed to provide businesses with AI-powered tools like the Muse agent, Meta Business Agent, Muse API, and Muse Code. This initiative aims to leverage Meta's advanced AI models and inf...
MongoDB's shares fell over 18% after CEO Chirantan "CJ" Desai left to become chief enterprise platform officer at Meta, leading its new AI business for corporate clients. Dev Ittycheria was named interim CEO as MongoDB searches for a permanent replac...
