MongoDB price target raised to $495 from $490 at Tigress Financial

Tigress Financial raised the firm’s price target on MongoDB to $495 from $490 and keeps a Buy rating on the shares. The analyst says the company continues to see strong revenue and cash flow growth through ongoing product enhancements and new feature introductions while leveraging artificial intelligence to drive increasing growth and customer adoption. MongoDB’s increasing AI integration will enable the customization of its enterprise software, the analyst tells investors in a research note.