MDB is trading at $274.33 (+5.04%) after Mizuho upgraded the stock to Outperform from Neutral, citing significant AI tailwinds following a 38% slide in share price.
- Mizuho raised its price target to $325 from $290, highlighting a 60% YoY increase in net customer additions and a 121% net revenue retention rate for fiscal 2026.
- The rally aligns with a broader market shift toward risk assets, with the Nasdaq climbing +1.77% amid de-escalating tensions in the Middle East.