Scotiabank lowered the firm’s price target on MongoDB (MDB) to $240 from $275 and keeps a Sector Perform rating on the shares. The firm maintains its rating on the stock after a beat in Q4, but a disappointing year ahead guidance, the analyst tells investors. The firm recommends investors to take a wait and see approach until it can get more comfort from its checks about the timing of any AI benefits as well as competition in the database.
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