tiprankstipranks
Advertisement
Advertisement

Citi sees rally in MongoDB after company ‘delivered in Q1’

Citi says that against a number of concerns, MongoDB (MDB) “delivered in Q1.” Atlas revenue saw a healthy beat with improved quarter-over-quarter growth, the analyst tells investors in a research note. The firm expects the shares to trade up meaningfully, and awaits commentary around the intra-quarter consumption patterns, new product adoption, and guidance philosophy of incoming CFO Mike Berry. Citi keeps a Buy rating on the shares with a $330 price target

Claim 55% Off TipRanks

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1