Bank of America raises MongoDB price target to $375 ahead of Q1 earnings on strong cloud demand.

Bank of America increased its price target for MongoDB to $375 from $350, maintaining a 'Buy' rating ahead of the company's Q1 earnings report. The upgrade reflects confidence in MongoDB's strong demand, especially for its cloud database platform Atlas and on-premise Enterprise Advanced products. Atlas revenue has grown about 30% year over year, exceeding expectations, and the firm sees potential in hybrid cloud adoption and AI ecosystem integration. MongoDB will report earnings on May 28, with investors watching for growth updates and product developments.