Canaccord raised the firm’s price target on MongoDB (MDB) to $340 from $320 and keeps a Buy rating on the shares. The firm continues to believe thae company remains a structurally advantaged asset in the shift toward AI-enabled application development. Strength in developer mindshare, momentum upmarket, and a broadening platform surface, particularly around vector search and real-time AI workload suppor, position MongoDB well to capture an increasing share of data-layer modernization efforts.
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