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Rosenblatt raised its price target for MongoDB (MDB) to $445 after the company reported a 30% increase in Q2 revenue and raised its full-year guidance.
Rosenblatt on September 2 raised its price target for MongoDB (Nasdaq: MDB) from $395 to $445, while maintaining a "Buy" rating. This follows MongoDB's Q2 FY2027 results, which showed revenue growth of 30% year-over-year, exceeding expectations, and an upward revision of its full-year guidance. However, MongoDB's stock fell more than 12% in pre-market trading due to investor concerns about the growth rate of its Atlas cloud business.
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