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MongoDB price target raised to $390 from $380 at Baird

MongoDB price target raised to $390 from $380 at Baird

Baird raised the firm’s price target on MongoDB (MDB) to $390 from $380 and keeps an Outperform rating on the shares. The firm said they reported strong FQ3 results and raised full-year guidance, sending shares up initially, before giving up gains on mixed conference call commentary and rising expectations into the print.

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