tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

MongoDB price target raised to $385 from $325 at Oppenheimer

Oppenheimer raised the firm’s price target on MongoDB (MDB) to $385 from $325 and keeps an Outperform rating on the shares. The firm comes away from MongoDB’s Investor Day positive on its strategic direction and in its ability to gain share as it leans into product-led growth and platform strengths. Ramping self-serve efforts bodes well for growing MongoDB’s Atlas contribution and pipeline generation, while upmarket efforts position it to be a more strategic customer partner, Oppenheimer adds.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1