🟢 MDB is trading 4.2% up today as BMO hikes price target on AI growth potential

MDB is trading 4.2% up today at $315.97 after BMO Capital raised its price target to $360 from $285 while reiterating an Outperform rating.

• BMO analysts highlighted MongoDB’s significant AI-related growth potential and strong competitive positioning within the sector.
• The stock is notably outperforming the broader market, as major indices are down more than 0.8% and many tech and AI peers are sliding.