MongoDB Inc (MDB) Receives a Rating Update from a Top Analyst

By Austin Angelo

In a report released today, Brian White from Monness maintained a Buy rating on MongoDB Inc (MDBResearch Report), with a price target of $150. The company’s shares closed yesterday at $104.26, close to its 52-week high of $109.97.

According to TipRanks.com, White is a top 25 analyst with an average return of 23.1% and a 73.3% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Salesforce.com, and Alphabet Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MongoDB Inc with a $109.50 average price target, implying a 5.0% upside from current levels. In a report issued on February 28, Needham also maintained a Buy rating on the stock with a $108 price target.

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The company has a one-year high of $109.97 and a one-year low of $32.35. Currently, MongoDB Inc has an average volume of 1.2M.

Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock.

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MongoDB, Inc. engages in the development and provision of a general purpose database platform. Its products include MongoDB Enterprise Advanced, MongoDB Professional, Development Support, Ops and Cloud Manager. The company was founded by Eliot Horowitz, Dwight A. Merriman, Kevin P. Ryan and Geir Magnusson Jr. in 2007 and is headquartered in New York, NY.