** Shares of data research firm MongoDB MDB.O fall 2% to $365.46 after UBS downgrades stock to “neutral” from “buy”

** UBS slashes PT on stock to $410 from $475, an upside of 9% to co’s last close

** UBS says MDB’s total revenue growth likely to decelerate in Q4, compared to a potential acceleration in peers like Snowflake SNOW.N and Datadog DDOG.O

** Brokerage sees benefits from MDB’s new features, if adopted – accruing only in the second half of FY 24

** Of 29 analysts covering stock, 24 say “buy” or higher and five say “hold”; median PT at $476.50 – LSEG data

** Stock had more than doubled in 2023

Reporting by Purvi Agarwal in Bengaluru