U.S. Movers: Best Buy, MongoDB, Plug Power, Target

Scott Peters
03 Mar, 2026
New York City

MongoDB plunged 28% to $235.37 after the database software company's current-quarter estimate fell short of market expectations. 

Target Corp. jumped 4.4% to $118.51 after the retail store chain operator reported results for the fiscal fourth quarter ending on January 31. 

Net sales decreased to $30.5 billion from $30.9 billion, net income fell to $1.04 billion from $1.1 billion, and diluted earnings per share eased to $2.30 from $2.41 a year ago. 

The company estimated fiscal 2026 net sales to rise 2%, earnings per share to be $7.50, and adjusted earnings per share to be $8.50.

The big-box retailer added that sales and traffic picked up in the last two months of the holiday quarter, and February sales rose compared to a year ago.

The Minneapolis-based retailer did not repurchase any shares in the fourth quarter, and as of the end of the fourth quarter, the company had approximately $8.3 billion available under the repurchase program.

Plug Power Inc. jumped 13.8% to $2.06 after the hydrogen fuel cell and electrolyzer systems developer reported strong sales in the fourth quarter. 

Best Buy jumped 14% to $70.57 after the electronics retailer reported better-than-expected fiscal fourth-quarter results.

Revenue decreased to $13.8 billion from $13.9 billion, net income jumped to $514 million from $117 million, and diluted earnings per share advanced to $2.56 from $0.54 a year ago. 

In the quarter, the company returned a total of $272 million to shareholders through dividends of $199 million and stock repurchases of $73 million. 

Same store sales in the quarter declined 0.8%, compared to an increase of 0.5% a year ago. 

In fiscal 2026, the company returned a total of $1.07 billion to shareholders through dividends of $801 million and share repurchases of $273 million. 

The company expects to repurchase stocks worth $300 million in the fiscal year 2027. 

The company increased its quarterly dividend by 1%, 96 cents per share, payable on April 14 to shareholders on record on March 24.