Wells Fargo analyst Andrew Nowinski raised the firm’s price target on MongoDB (MDB) to $425 from $350 and keeps an Overweight rating on the shares. The firm notes MongoDB was up about 10% after-hours, but gave back all of those gains after management provided more color around guidance for Q4. It noted that EA revenue would be down quarter-over-quarter and Atlas growth would decelerate. The CFO resignation also added to pressure, Wells adds.
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Read More on MDB:
- MongoDB price target raised to $390 from $380 at Baird
- MongoDB price target raised to $395 from $375 at KeyBanc
- MongoDB price target raised to $400 from $375 at Barclays
- MongoDB, Inc. Reports Strong Q3 Fiscal 2025 Results
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