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MongoDB price target raised to $400 from $350 at Oppenheimer
The Fly

MongoDB price target raised to $400 from $350 at Oppenheimer

Oppenheimer raised the firm’s price target on MongoDB (MDB) to $400 from $350 and keeps an Outperform rating on the shares. The firm notes MongoDB delivered a solid Q3, beating estimates and raising guidance ahead of expectations. The company turned in another quarter of solid execution, with a sizable revenue beat behind outperformance for EA, stable Atlas growth and strong new business momentum, Oppenheimer adds.

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