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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
On May 29, Oppenheimer reiterated its Outperform rating for MongoDB and raised its price target to $410 from $375. MongoDB reported Q1 fiscal 2027 revenue of $687.62 million, a 25% year-over-year increase. Additionally, Atlas cloud database revenue grew by 29%, contributing 75% of the company's total revenue.