MongoDB, Inc.
Largo

$MDB Long

160
Oppenheimer analyst Ittai Kidron assigned a Buy rating to MongoDB (MDB – Research Report) yesterday and set a price target of $275.00. The company’s shares closed last Wednesday at $239.53, close to its 52-week high of $254.76.

Piper Sandler analyst Brent Bracelin raised the firm's price target on MongoDB to $310 from $226 and keeps an Overweight rating on the shares. The company posted another strong quarter marked by an $11.5M sales beat and record customer adds, Bracelin tells investors in a research note. Improving demand fundamentals could partially offset tough second half comparisons and macro headwinds, says the analyst.

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