In a report released today, Richard Davis from Canaccord Genuity maintained a Buy rating on MongoDB Inc (NASDAQ: MDB), with a price target of $78. The company’s shares opened today at $73.50, close to its 52-week high of $79.11.
According to TipRanks.com, Davis is a top 25 analyst with an average return of 39.1% and a 83.3% success rate. Davis covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Altair Engineering Inc, and Upland Software.
Currently, the analyst consensus on MongoDB Inc is a Strong Buy with an average price target of $79.71, representing an 8.4% upside. In a report issued on September 4, Needham also maintained a Buy rating on the stock with a $85 price target.
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The company has a one-year high of $79.11 and a one-year low of $24.62. Currently, MongoDB Inc has an average volume of 917.6K.
Based on the recent corporate insider activity of 37 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.
