🟢 MDB is trading 8.4% up in after-hours on analyst upgrade ahead of Q1 earnings

MDB is trading at $319.13 (+8.4%) in after-hours, rebounding sharply ahead of its Q1 fiscal 2027 earnings report scheduled for May 28.

• The move follows a steep two-day slide and appears driven by a new analyst rating and traders positioning for the results.
• Canaccord Genuity provided a catalyst on Wednesday, maintaining a Buy rating and increasing its price target on the stock to $400 from $375.