Canaccord raised the firm’s price target on MongoDB (MDB) to $375 from $340 and keeps a Buy rating on the shares. The firm said their thesis is that the company will capture the AI application cycle by embedding retrieval directly into the operational data plane while preserving the performance, security, and multi-cloud options large corporations require.Atlas will be the key driver and accounts for roughly 74-75% of the mix while non-Atlas remains a stable base that extends run-anywhere reach.
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