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MongoDB price target raised to $375 from $325 at Stifel

Stifel analyst Brad Reback raised the firm’s price target on MongoDB (MDB) to $375 from $325 and keeps a Buy rating on the shares. The firm believe managements presented a “compelling case” during Mongo’s analyst day and user conference about how the company can sustain strong top line growth and accelerate profitability, the analyst tells investors in a recap of the events.

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