MongoDB Stock Gains New Bullish Price Target – Here’s Why
MongoDB stock (NASDAQ: MDB) could be set for a new rally if a new Overweight rating from Wells Fargo is close to being right, signaling a potentially lucrative period for the database platform. The bullish initiation of coverage is supported by MongoDB’s strategic positioning within the rapidly expanding artificial intelligence (AI) landscape and its advancements in agentic coding.
MDB currently sits at $311.19 into the pre-market, showing a small increase of 0.26%, after a 2.09% drop in Tuesday’s session. The stock has however delivered a 26.88% gain year-to-date, indicating strong overall performance.
Wells Fargo analyst Ryan MacWilliams initiated coverage with an Overweight rating and a price target of $430. This projection is…
