MongoDB price target raised to $260 from $235 at Guggenheim

Guggenheim raised the firm’s price target on MongoDB (MDB) to $260 from $235 and keeps a Buy rating on the shares. The company’s earnings report is “good enough against tepid expectations,” the analyst tells investors in a research note. The firm now believes MongoDB can grow close to 19% this year with over 15% margin, followed by potential reacceleration in fiscal 2027. It views the Q1 print as “better than feared.”