Shares of MongoDB Inc. MDB, +26.77% spiked up 26% in active midday trade Thursday, putting them on track for their biggest-ever one-day gain and a record high close, after blowout fourth-quarter results and an upbeat outlook prompted multiple price target increases by Wall Street analysts. The database platform company reported late Wednesday a narrower-than-expected loss, revenue that rose well above consensus estimates and provided first-quarter guidance that was better than forecasts. No less than 9 of the 15 analysts surveyed by FactSet raised their targets, lifting the average target to $117.62 from $93.15 at the end of February. KeyBanc Capital’s Brent Bracelin boosted his target to a match a Street high $150 from $100, saying demand for MongoDB’s Atlas cloud database service remained “white hot,” at a time that digital transformations could cause public cloud spending to triple by 2023. Brian White at Monness Crespi Hardt raised his target to $150 from $110 after the company put up “Mongolicious” results that “shreds up the paper tigers.” Even the Street’s most bearish analyst, Christopher Eberle at Instinet, raised his target to $70 from $63. The stock has soared 56% year to date, while the S&P 500 SPX, +0.00% has climbed 12%.

Have breaking news sent to your inbox. Subscribe to MarketWatch’s free Bulletin emails. Sign up here.