BMO Capital lowered the firm’s price target on MongoDB (MDB) to $400 from $455 and keeps an Outperform rating on the shares. The firm continues to believe the database market is well positioned for growth over the longer term and that generative AI can be additive to market growth towards the end of 2026, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MDB:
- These 2 Beaten-Down Stocks Could Stage a Comeback, Says Oppenheimer
- MongoDB price target lowered to $385 from $465 at DA Davidson
- MongoDB Stock (MDB) Shakes Off AI Fears on ‘Constructive’ Review Ahead of Q4
- MongoDB price target lowered to $435 from $525 at Citi
- MongoDB: Sustained Atlas Momentum and AI Infrastructure Role Support Buy Rating Despite Sector Valuation Pressure