Barclays analyst Raimo Lenschow raised his price target for MongoDB to $178 from $143 saying that despite the 53% year-to-date rally, he continues to see further upside. The analyst believes the company's cloud opportunity remains underappreciated. MongoDB's managed cloud database, Atlas, started out as a vehicle to monetize the free downloads of its community server edition but is now evolving into something much larger, Lenschow tells investors in a research note titled "Atlas Lifts the Skies to $1bn." Additional disclosures by the company show a clear path to $1B in revenue by fiscal 2023, contends the analyst. He raised his estimates "meaningfully above consensus" and keeps an Overweight rating on MongoDB.