Oppenheimer analyst Ittai Kidron raised the firm’s price target on MongoDB (MDB) to $325 from $275 and keeps an Outperform rating on the shares. The firm notes MongoDB delivered impressive Q2 results, soundly beating consensus estimates and raising FY26 guidance on broadbased consumption. Positively, Atlas revenue continued to accelerate, new customer additions remained high, and management’s up-market sales/go-to-market efforts are delivering strong gains with larger enterprise customers. While MongoDB faces a fast-moving competitive landscape and difficult Q3 ear-over-year comparable sales for its non-Atlas business, Oppenheimer believes the Q2 results and steady execution show management’s up to the task.
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