MongoDB upgraded to Buy from Neutral at DA Davidson

DA Davidson upgraded MongoDB to Buy from Neutral with a price target of $430, up from $405. The company reported “strong” Q4 results and the guidance is “very conservative,” the analyst tells investors in a research note. The implied level of Atlas deceleration in the outlook is “very, very conservative,” says the firm, which sees significant upside as likely. DA is a buyer of the shares on the post-earnings selloff today.