In a report released today, Patrick Colville from Scotiabank maintained a Hold rating on MongoDB (MDB – Research Report), with a price target of $385.00. The company’s shares closed yesterday at $412.01.
Colville covers the Technology sector, focusing on stocks such as Check Point, Okta, and Informatica. According to TipRanks, Colville has an average return of -1.1% and a 49.17% success rate on recommended stocks.
MongoDB has an analyst consensus of Moderate Buy, with a price target consensus of $452.33, implying a 9.79% upside from current levels. In a report released today, Mizuho Securities also maintained a Hold rating on the stock with a $380.00 price target.
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The company has a one-year high of $509.62 and a one-year low of $189.59. Currently, MongoDB has an average volume of 1.43M.
Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MDB in relation to earlier this year.
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MongoDB (MDB) Company Description:
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. 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.
Read More on MDB:
- MDB Earnings: MongoDB Stock Slips on Soft Guidance
- MongoDB, Inc. Announces Fourth Quarter and Full Year Fiscal 2024 Financial Results
- Options Volatility and Implied Earnings Moves Today, March 07, 2024
- MongoDB price target raised to $550 from $515 at Citi
- Couchbase price target raised to $34 from $26 at Wells Fargo
