UBS analyst Karl Keirstead raised the firm’s price target on MongoDB to $215 from $200 and keeps a Buy rating on the shares. The analyst cites the company’s better than expected Q3 results against very negative consensus estimates. Keirstead adds that MongoDB’s Q3 revenue brings expectations of growth of 25%-30% in FY24 "back on the table" while reducing the likelihood that rate could end up below 20%.
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