NEW YORK, Feb 24, 2026, 09:37 EST — Regular session
Shares of MongoDB (MDB.O) dropped 3.8% to $293.81 just after Tuesday’s open, deepening a sharp decline that’s been hammering high-growth software stocks. MDB kicked off the session at $304.02 before sliding to a low of $293.15. Monday was rough, too—the stock lost 11.4% to close at $305.37, trading between $298.00 and $337.95 throughout the day.
Investors are grappling with President Donald Trump’s unpredictable tariff moves, while anxiety resurfaces about artificial intelligence disrupting segments of the software sector. “The market doesn’t only have one particular worry,” Peter Cardillo, chief market economist at Spartan Capital Securities, said. The S&P 500 software and services index has tumbled nearly 24% this year, shedding another 4.3% on Monday. Reuters
MongoDB will release its fourth-quarter and full-year numbers once U.S. markets shut on March 2, with a conference call set for 5 p.m. ET. The focus for investors: guidance, plus any fresh signals about appetite for the company’s cloud database product.
Tariff news remains unclear. U.S. Customs and Border Protection confirmed the levy kicks in Tuesday at a 10% ad valorem rate. Still, traders are left hanging on details about a possible move to 15%. ING’s Carsten Brzeski doesn’t see the trade fog lifting anytime soon.
Worries over AI slammed the sector again. Shares of CrowdStrike, Datadog, and Zscaler all dropped roughly 11% Monday, reacting to Anthropic’s debut of an AI product designed to detect code security flaws for businesses. “It’s a continuation of a panic-driven, narrative-led selloff,” said Shrenik Kothari of Robert W. Baird. Reuters
Bernstein SocGen stuck with its “outperform” call on MongoDB and left the $452 price target untouched, Investing.com reported. The firm singled out MongoDB’s early fiscal 2027 guidance as a likely sticking point for investors in the short run. Investing.com
Analysts have set their sights on MongoDB turning in earnings of $1.47 per share, paired with revenue around $668.19 million, Zacks estimates. That’s the consensus going into the company’s report, according to Nasdaq.com.
Yet there’s a chance software stocks keep losing ground even when earnings more or less hit the mark. Over in credit, some lenders are already factoring in the possibility that AI upends certain software models. UBS strategist Matthew Mish put it this way: he sees “AI disruption risk” showing up in pricing more as 2026 rolls into early 2027. Reuters
MongoDB makes its money from database software and the Atlas cloud platform. When tech spending is flush, that’s a solid business; when companies pull back, things get shaky fast. The stock has already dipped into the low $290s in morning action after two rough sessions, and now traders are eyeing whether it can stay above that range.
