Macquarie raised the firm’s price target on MongoDB (MDB) to $230 from $215 and keeps a Neutral rating on the shares. MongoDB’s “solid” Q1 comes as a relief after disappointing initial FY26 revenue and margin guidance provided last quarter, the analyst tells investors in a research note. The firm sees upside and downside risks as balanced.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MDB:
- Morning News Wrap-Up: Thursday’s Biggest Stock Market Stories
- MongoDB price target raised to $395 from $330 at Citi
- Trump-Xi call focuses on trade, PVH reports Q2 beat: Morning Buzz
- MongoDB price target raised to $230 from $160 at Scotiabank
- MongoDB Stock Explodes as Wall Street Shrugs Off Snowflake Threat