MongoDB Investor Session Recap

RBC Capital analysts provided a recap of MongoDB, Inc. (NASDAQ:MDB) 2022 investor session, where the focus was on new products and strategy.
The analysts’ key takeaway was the company’s product innovation cadence continues to impress and should help capture more workloads, with a three-pronged approach: (1) expand and optimize support for different workload types, (2) position itself for the next wave of architectures; and (3) relentlessly focus on developers.
The analysts maintained their outperform rating and raised their price target to $375 from $325 on peer multiple expansion and after the investor session.

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