.jpg "Barclays Believes MongoDB Inc (NASDAQ: MDB) Still Has Room to Grow")
Barclays analyst Raimo Lenschow maintained a Buy rating on MongoDB Inc (NASDAQ: MDB) today and set a price target of $57. The company’s shares closed yesterday at $51.26, close to its 52-week high of $52.02.
According to TipRanks.com, Lenschow is a top 100 analyst with an average return of 19.5% and a 75.5% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Coupa Software Inc, and Citrix Systems.
Currently, the analyst consensus on MongoDB Inc is Strong Buy and the average price target is $53.33, representing a 4.0% upside.
In a report released yesterday, KeyBanc also maintained a Buy rating on the stock with a $62 price target.
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The company has a one-year high of $52.02 and a one-year low of $24.62. Currently, MongoDB Inc has an average volume of 843K.
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MDB in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
