MongoDB price target raised to $325 from $255 at Morgan Stanley

Morgan Stanley analyst Sanjit Singh raised the firm’s price target on MongoDB (MDB) to $325 from $255 and keeps an Overweight rating on the shares. For the second straight quarter, MongoDB’s business accelerated across all fronts, resulting in a “major” second half raise, the analyst tells investors. MongoDB’s multiyear growth outlook continues to improve with fundamentals improving even as AI has yet to contribute, the analyst added.