BofA raised the firm’s price target on MongoDB (MDB) to $380 from $345 and keeps a Buy rating on the shares following the analyst day. The firm left encouraged by the company’s focus on larger and more strategic accounts as it ramps revenue to $3B-$5B. It cites MongoDB’s improved growth visibility growth and the rolling forward of the stock’s multiple for the target bump.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MDB:
- MongoDB price target raised to $320 from $280 at Scotiabank
- MongoDB Positioned for Long-Term Growth with Strategic Market Opportunities and Innovative AI Solutions
- MongoDB price target raised to $375 from $345 at Citizens JMP
- MongoDB’s Strategic Focus on Sustainable Growth and AI Opportunities
- Top 3 Trending Stocks, According to Analysts – 9/18/2025