Analysts Lift MongoDB Target to $515, Reaffirm Buys on Snowflake and Walmart
Updated
Updated · CNBC · Jun 14
Analysts Lift MongoDB Target to $515, Reaffirm Buys on Snowflake and Walmart
2 articles · Updated · CNBC · Jun 14
Summary
MongoDB drew the biggest target increase, with Tigress Financial raising its price target to $515 from $430 after upbeat fiscal first-quarter results tied to enterprise demand and AI-related opportunities.
Snowflake also kept a buy rating, with Bank of America holding a $300 target after the company posted market-beating results, lifted its FY27 product revenue growth outlook to 31%, and cited 34% product revenue growth.
Walmart retained a buy rating and a $145 target at KeyBanc, which pointed to faster delivery, automation that is about 60% complete in the U.S., and 37% first-quarter advertising growth.
The calls come as geopolitical and macroeconomic volatility weighs on sentiment, with analysts arguing these companies still offer long-term upside through AI, cloud and efficiency-driven growth.