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MongoDB initiated with a Buy at Rosenblatt
The Fly

MongoDB initiated with a Buy at Rosenblatt

Rosenblatt initiated coverage of MongoDB (MDB) with a Buy rating and $350 price target The company has positioned itself to be a significant part of the coming AI application boom and is benefiting from multiple trends, including overall growth of database market and migration of existing applications away from legacy relational databases, the analyst tells investors in a research note. The stock’s recent weakness on “mostly misunderstanding” poses an opportunity, the firm added.

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