BMO Capital analyst Keith Bachman lowered the firm’s price target on MongoDB (MDB) to $340 from $400 and keeps an Outperform rating on the shares. The company delivered a good quarter, but not enough against high expectations, as its Atlas and total revenue growth in the reported quarter and the FY27 revenue guide were a few points below expectations, the analyst tells investors in a research note. BMO adds that amid the broad risk in software however, it continues to like the database market.
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