BMO Capital raised the firm’s price target on MongoDB (MDB) to $415 from $365 and keeps an Outperform rating on the shares. The firm cites the company’s preliminary Q3 outlook announced as part of its CEO transition statement and its confidence in growth, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MDB:
- MongoDB: Strategic Leadership Change and Strong AI Positioning Drive Buy Rating
- MongoDB price target raised to $435 from $375 at Citizens JMP
- MongoDB price target raised to $440 from $380 at BofA
- MongoDB CEO change coming from ‘position of strength,’ says Stifel
- MongoDB price target raised to $400 from $375 at Truist