Stifel raised the firm’s price target on MongoDB (MDB) to $450 from $375 and keeps a Buy rating on the shares following another quarter of accelerating Atlas growth that was 3%-4% ahead of expectations, as well as a roughly 6% total revenue beat. Management also delivered “solid” preliminary FY27 commentary, likely removing the potential of a forward-guidance misstep, the analyst tells investors in a post-earnings note.
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