Monness Believes MongoDB Inc (NASDAQ: MDB) Still Has Room to Grow

By Ryan Adsit

In a report released today, Brian White from Monness maintained a Buy rating on MongoDB Inc (MDBResearch Report), with a price target of $185. The company’s shares closed on Friday at $165.68, close to its 52-week high of $184.78.

According to TipRanks.com, White is a top 25 analyst with an average return of 25.6% and a 73.5% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Salesforce.com, and Alphabet Inc.

MongoDB Inc has an analyst consensus of Strong Buy, with a price target consensus of $164.86, which is a -0.5% downside from current levels. In a report issued on June 2, KeyBanc also maintained a Buy rating on the stock with a $150 price target.

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The company has a one-year high of $184.78 and a one-year low of $47.69. Currently, MongoDB Inc has an average volume of 1.53M.

Based on the recent corporate insider activity of 103 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 Atlas, and Community Server. It also offers professional services including consulting and training.