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.
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>>
See today’s best-performing stocks on TipRanks >>
Read More on MDB: