DA Davidson raised the firm’s price target on MongoDB to $330 from $265 and keeps a Buy rating on the shares. The company reported a “strong” Q2 earnings beat driven by stronger than expected consumption growth trends in Atlas as well as strong Enterprise Advanced upside, the analyst tells investors in a research note. The firm is also boosting its FY25 EPS view by 17c to $2.47 and its FY26 view by 7c to $2.90.
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