MongoDB stock drops 15% as CEO Desai resigns for Meta

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Go back to MongoDB stock drops 15% as CEO Desai resigns for Meta

MongoDB analyst day preview: Evercore ISI says firm needs to show AI momentum

September 28, 2026 3:00 PM EDT

Evercore ISI said in a note that MongoDB (NASDAQ: MDB) needs to show more evidence of AI-driven growth at its analyst day on Tuesday if it wants to change how investors see the stock.

"Shifting sentiment will require more AI bread crumbs," the firm wrote.

Evercore ISI noted that MongoDB shares are roughly back to where they were before the... More