MongoDB price target raised to $456 from $434 at Macquarie

Macquarie raised the firm’s price target on MongoDB to $456 from $434 and keeps an Outperform rating on the shares. The firm said the company reported “another strong quarter,” with improving Atlas consumption trends and discussions of customers beginning to standardize workloads being key positives. The strong results reinforce MongoDB as Macquarie’s top generative AI software pick, the analyst tells investors in a research note.