on 23-Feb-2026 23 February 2026 Global Software Global Software: Our thoughts on Snowflake vs. MongoDB into 4Q26 earnings Firoz Valliji, CFA +1 917 344 8316 firoz.valliji@bernsteinsg.com Over the longer term, we continue to favor MongoDB due to its exposure to a large and fast- growing market and its potential to benefit from AI adoption. For SNOW, we are encouraged by the innovation and execution focus under the new CEO. However, we remain concerned that competition is increasing in its core market and tha ...