UBS raised the firm’s price target on MongoDB (MDB) to $240 from $213 and keeps a Neutral rating on the shares. MongoDB reported “solid” Atlas growth and a margin pivot in the most recent quarter, the analyst tells investors in a research note.
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Read More on MDB:
- MongoDB price target raised to $271 from $252 at Cantor Fitzgerald
- Monness upgrades MongoDB with Atlas out of ‘growth slump’
- MongoDB upgraded to Buy from Neutral at Monness Crespi
- MongoDB’s Strong Performance and Growth Prospects Drive Buy Rating and Increased Price Target
- MongoDB price target raised to $260 from $235 at Guggenheim