MongoDB price target raised to $475 from $445 at RBC Capital

RBC Capital raised the firm’s price target on MongoDB to $475 from $445 and keeps an Outperform rating on the shares. The company’s Q3 results were “good” despite the “high bar”, with Atlas consumption trends seen in-line, margin upside continuing to impress, and GenAI commentary seen as “encouraging”, the analyst tells investors in a research note.