DA Davidson raised the firm’s price target on MongoDB (MDB) to $465 from $415 and keeps a Buy rating on the shares. The company reported another strong beat and raise, with Atlas accelerating for the second straight quarter to 30% y/y growth vs. 29% reported last quarter, while the strong Non-Atlas / EA upside in addition to Atlas upside along with MongoDB’s continued cost discipline helped drive a substantial operating profit beat as well, the analyst tells investors in a research note.
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