MongoDB price target raised to $400 from $375 at Barclays

Barclays raised the firm’s price target on MongoDB (MDB) to $400 from $375 and keeps an Overweight rating on the shares. The company’s better Q3 report should help shares in the short term, “but will not get the stock fully back on track,” as the upside was achieved in Enterprise Advanced and other revenue, which are more volatile areas, the analyst tells investors in a research note. The firm says the “conservative” Q4 guidance and CFO transition “are further discussion points.”