MongoDB price target raised to $415 from $320 at Scotiabank

Scotiabank raised the firm’s price target on MongoDB (MDB) to $415 from $320 and keeps a Sector Perform rating on the shares. The company delivered “impressive” Q3 results and provided Q4 guidance that implies both top- and bottom-line strength is durable, the analyst tells investors. While the company is performing well, the firm need evidence from customer conversations of a sustained uptick in momentum into FY27.