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Research Alert: CFRA Maintains Strong Buy Opinion On Shares Of Mongodb, Inc.

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CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

We cut our price target by $4 to $439, 71x our FY 27 (Jan.) EPS view. We raise our FY 27 EPS estimate by $0.27 to $6.18 and our FY 28 view by $0.14 to $7.39. MDB's Q1 came in modestly better than expected, with another strong bookings quarter driving RPO growth up by an impressive 88% Y/Y to $1.46B. AI volumes continue to accelerate but remain a small part of the overall business, with core enterprise workloads delivering the beat and modest guidance raise (MDB now expects 24% sales growth vs. a prior 22% view). We expect 2026 to be a significant scaling year for agentic workloads, and we continue to think investors are underestimating MDB's potential to see growth accelerate as it gains traction with AI natives and existing Fortune 500 customers evolve their AI offerings. We think Q1's results were a decent print that did enough to convince investors that FY 26's deceleration relates more to conservatism than AI competition/existentialism that has rocked the software space this year.

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Research Alert: CFRA Maintains Buy Rating On Shares Of Okta Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our target price from $91 to $143 on a forward P/E of 37x our FY 27 (Jan.) EPS projection of $3.86, above its one-year average. We lift our FY 27 EPS estimate to $3.86 from $3.81 and our FY 28 EPS view to $4.26 from $4.22. OKTA reported solid Q1 FY 27 results, with revenue of $767M growing 12% Y/Y, driven by strength in large enterprises and newer product contributions. Large customers (>$100K ACV) now represent 85% of ACV, up from 80% previously, while customers with >$1M ACV grew meaningfully, reflecting successful focus on the enterprise segment. Management highlighted strong interest for Agentic Security solutions as organizations ramp Agentic use. While we are still early in monetization, we note a robust pipeline for Okta for AI agents and Auth0 for AI agents, and we expect AI-driven solutions to lift deal sizes and acceleration transactions ahead. Non-GAAP operating margin of 25% declined 200 bps Y/Y as the company expands growth investments.

$OKTA
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Research Alert: CFRA Maintains Buy Rating On Shares Of Lam Research Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our price target by $42 to $356, 33.5x our FY 28 EPS view ($10.63), above LRCX's three-year average (~20x) given growing AI tailwinds across logic/memory/packaging. We keep our FY 26 EPS view at $5.72, raise FY 27's by $0.17 to $8.25 and raise FY 28's by $0.18 to $10.63. Our target increase owes to strong results across the semi/semi equip space during this earnings cycle and growing hyperscaler capex forecasts, which is bumping up our WFE views (now expecting $155B in 2026 from a prior view of $140B). We also note a rapid pace of NAND price increases (up 5-10x YTD), creating a supportive pricing environment that should drive an improving outlook for utilization/upgrade spending as companies look to maximize existing cleanroom space. We remind investors that LRCX recently accelerated its $40B NAND upgrade spending forecast from "several years" to YE CY 27. Greenfield equipment sales will still need to wait for new fabs to be built (more of a FY 28 story), but upgrades offer faster revenue realization.

$LRCX
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Research Alert: CFRA Keeps Buy Opinion On Shares Of Costco Wholesale Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We trim our 12-month target by $5 to $1,130, about 48x our FY 27 (Aug.) EPS estimate of $23.55 (up from $22.68; FY 26 raised to $20.70 from $20.57). While this 48x multiple remains well above COST's long-term average of 37x, the premium relative to the broader market is somewhat less extreme. At approximately 2.2x the market multiple, COST trades below the peak relative valuation of 2.7x reached in early 2025. COST's quarter ultimately fell short of elevated expectations, which we attribute to: 1) decelerating paid member growth, which slowed to 4.1% from the 6%-7% range a year ago; and 2) greater-than-expected reinvestment, which impacted margins. Looking ahead, we believe increased international club openings should help reaccelerate paid member growth, while the company's burgeoning retail media business could provide a meaningful long-term margin tailwind. We see a special cash dividend looming with the company's cash balance at $20B (+35% Y/Y).

$COST