Wedbush analyst Daniel Ives raised the firm’s price target on MongoDB (MDB) to $400 from $300 and keeps an Outperform rating on the shares. The firm also added the stock to its Best List Ideas as the company shifts its focus on upmarket opportunities across enterprise channels, specifically within U.S. Enterprise, while seeing stability in the mid-market pointing to the incremental success MDB is having in this AI Revolution. Wedbush believes MongoDB is now starting to hit its next stride as the AI use cases expand significantly over the coming years.
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