BMO Capital analyst Keith Bachman raised the firm’s price target on MongoDB (MDB) to $365 from $315 and keeps an Outperform rating on the shares. The company remains well positioned to generate durable Atlas growth, helped by improved execution and solid consumption trends, as well longer-term AI opportunities, the analyst tells investors in a research note. MongoDB will benefit from consolidated platform offerings, including vector search and Voyage AI’s embedding and re-ranking models, the firm added.
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