Guggenheim raised the firm’s price target on MongoDB (MDB) to $400 from $310 and keeps a Buy rating on the shares. Ahead of the investor session at part of MongoDB.local NYC 2025 on Wednesday, the firm notes that CFO Mike Berry has previewed at recent conferences that his talk track will focus on the drivers for durable Atlas growth and opportunities for margin improvement. The firm believes the CFO could provide a FY28 Atlas revenue target of $2.7B-$2.75B, versus consensus at $2.64B, and FY28 non-GAAP operating margin of 20%, versus consensus at 17.5%, the analyst tells investors.
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