Core Viewpoint - Wedbush analyst Daniel Ives maintains an Outperform rating for MongoDB (MDB) and raises the price forecast from $300 to $400, citing the company's successful expansion into enterprise markets and renewed momentum in its cloud business [1] Group 1: Company Performance - MongoDB experienced a strong rebound quarter, with Atlas consumption metrics re-accelerating and customer growth reaching record levels [2] - The Atlas platform has grown into a $2 billion revenue business, with significant potential for further growth as AI adoption accelerates [3] - The company holds just 2% of a total addressable market (TAM) exceeding $100 billion, indicating substantial growth potential [5] Group 2: Strategic Developments - The acquisition of Voyage AI contributed approximately 300 of the 2,800 new customers in the most recent quarter, enhancing MongoDB's AI capabilities [4] - The company's product innovation and platform-based approach are attracting enterprise AI customers, addressing challenges in deploying AI at scale [2] Group 3: Financial Projections - Ives projects third-quarter revenue of $589.6 million and earnings per share (EPS) of $0.78 for MongoDB [5] - MDB stock is currently up 2.46% at $338.11 [5]

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