There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on DocuSign (DOCU – Research Report) and MongoDB (MDB – Research Report) with bullish sentiments.
DocuSign (DOCU)
Citi analyst Tyler Radke maintained a Buy rating on DocuSign today and set a price target of $90.00. The company’s shares closed last Thursday at $53.56.
According to TipRanks.com, Radke is a 4-star analyst with an average return of
DocuSign has an analyst consensus of Hold, with a price target consensus of $62.25, which is a 17.7% upside from current levels. In a report issued on March 6, Jefferies also maintained a Buy rating on the stock with a $80.00 price target.
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MongoDB (MDB)
In a report released yesterday, Rudy Kessinger from D.A. Davidson upgraded MongoDB to Buy, with a price target of $430.00. The company’s shares closed last Thursday at $412.01.
According to TipRanks.com, Kessinger is a 4-star analyst with an average return of
Currently, the analyst consensus on MongoDB is a Strong Buy with an average price target of $470.80, representing a 15.9% upside. In a report issued on February 22, Bank of America Securities also maintained a Buy rating on the stock with a $555.00 price target.
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