As previously reported, Guggenheim analyst Howard Ma upgraded MongoDB (MDB) to Buy from Neutral with a $300 price target MongoDB “seems more like the ugly duckling in infrastructure software as of late than the soaring eagle it’s long been” with shares down 30% since fiscal Q3 earnings on December 9, the analyst tells investors. However, the firm’s most recent channel check indicates that Q4 consumption accelerated from Q3 and assuming stable consumption in FY26 the firm sees Atlas accelerating to 29% growth, the analyst added.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MDB:
- MongoDB upgraded to Buy from Neutral at Guggenheim
- MongoDB call volume above normal and directionally bullish
- QQQ ETF News, 1/1/2025
- Trump Trade: Chinese companies could sidestep tariffs again
- Wedbush names Top 10 Tech Winners for ‘AI Revolution’ into 2025