Stifel raised the firm’s price target on MongoDB (MDB) to $325 from $275 and keeps a Buy rating on the shares following what the firm calls one of the company’s “strongest quarters ever.” Atlas growth was “particularly impressive” as MongoDB benefited from healthy consumption growth across its installed base, strong new customer adds and emerging AI workload gains, says the analyst, who believes Atlas is positioned to sustain 25%-plus revenue growth.
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