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MongoDB price target raised to $450 from $400 at Guggenheim

Guggenheim raised the firm’s price target on MongoDB (MDB) to $450 from $400 and keeps a Buy rating on the shares. Following the quarterly report, the firm now sees FY26 total revenue ultimately growing 23% and continues to see total revenue of at least 25% in FY27, including stable Atlas growth at 29%, the analyst tells investors.

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