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Fly News Breaks for March 14, 2019
MDB
Mar 14, 2019 | 07:55 EDT
Stifel analyst Brad Reback said MongoDB delivered "a very strong quarter" and he remains bullish on its ability to continue driving strong recurring revenue growth and improving profitability. Reback, who said the company's strong subscription revenue growth was the result of solid performances across all major geographies and a "healthy mix" of net new customer additions and upselling and cross-selling, keeps a Buy rating on MongoDB shares and increased his price target on the stock to $130 from $95.
News For MDB From the Last 2 Days
