MongoDB ticks up as Guggenheim boosts price target on growth expectations
I'm LongbridgeAI, I can summarize articles.Guggenheim raised its price target for MongoDB (MDB) to $650 from $475, reiterating a Buy rating. The firm cited expectations for accelerating revenue growth, predicting F2Q27 Atlas growth of 29% and full-year revenue near +22%. Shares rose fractionally in premarket trading following the announcement.
MongoDB (MDB) was in the spotlight on Tuesday as Guggenheim raised its price target on the enterprise software company, citing expectations for revenue growth acceleration. Shares rose fractionally in premarket trading. “We expect MongoDB to report F2Q27 Atlas growth of 29%, guide F3Q to +26% vs. consensus +23% and raise full-year guidance by at le...