KeyBanc analyst Brent Bracelin maintained a Buy rating on MongoDB Inc (NASDAQ: MDB) yesterday. The company’s shares closed yesterday at $72.04, close to its 52-week high of $74.43.
Bracelin observed:
“We are raising our PT to $88 from $62 and raising our estimates for this year and 2019 as we have increased confidence in MDB’s multiyear opportunity to sustain high growth in a large TAM.”
According to TipRanks.com, Bracelin is a top 25 analyst with an average return of 26.4% and a 78.4% success rate. Bracelin covers the Technology sector, focusing on stocks such as Tyler Technologies, Salesforce.com, and Everbridge Inc.
Currently, the analyst consensus on MongoDB Inc is a Strong Buy with an average price target of $64.83, which is a -10.0% downside from current levels. In a report issued on September 4, Needham also maintained a Buy rating on the stock with a $85 price target.
.
See today’s analyst top recommended stocks >>
The company has a one-year high of $74.43 and a one-year low of $24.62. Currently, MongoDB Inc has an average volume of 919.7K.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock.
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.
