Barclays raised the firm’s price target on MongoDB (MDB) to $305 from $270 and keeps an Overweight rating on the shares. The company significantly exceeded expectations for the second straight quarter, the analyst tells investors in a research note. The firm says “broad-based strength” in Q2 also drove a material guidance raise, which still leaves room beats in the back of the year. Barclays sees investors returning to the name and expects “meaningfully higher shares.”
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