Cantor Fitzgerald analyst Thomas Blakey lowered the firm’s price target on MongoDB (MDB) to $378 from $454 and keeps an Overweight rating on the shares. MongoDB is viewed as well-positioned to be a primary part of an enterprise’s AI data stack offering an OLTP-based single intelligent data layer, and also offering vectorized functionality with ease of app development and ability to scale, the analyst tells investors in a research note.
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