Oppenheimer lowered the firm’s price target on MongoDB (MDB) to $425 from $490 and keeps an Outperform rating on the shares. The firm is positive on MongoDB’s Q4 setup, anticipating about 4%-5% revenue upside and Atlas growth of 31%-plus year-over-year. For FY27, Oppenheimer expects initial year-over-year revenue growth and operating margin guidance in line with consensus, but with upside potential to both metrics.
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