Cantor Fitzgerald raised the firm’s price target on MongoDB (MDB) to $454 from $406 and keeps an Overweight rating on the shares. The AI tailwind still isn’t fully reflected in MongoDB’s valuation, creating meaningful upside potential, the analyst tells investors in a research note. New management could improve go-to-market execution, expansion, and forecasting, adding further optionality, while the company remains well-positioned to benefit from rising investment in modern data infrastructure for AI and agentic AI, Cantor argues.
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