Monness analyst Brian White maintained a Buy rating on MongoDB Inc (MDB) today and set a price target of $110. The company’s shares closed on Tuesday at $83.73, close to its 52-week high of $88.27.
According to TipRanks.com, White is a top 100 analyst with an average return of 18.4% and a 65.7% success rate. White covers the Technology sector, focusing on stocks such as Salesforce.com, Alphabet Inc, and Cloudera Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for MongoDB Inc with a $96.60 average price target, which is a 15.4% upside from current levels. In a report issued on December 4, KeyBanc also assigned a Buy rating to the stock with a $88 price target.
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Based on MongoDB Inc’s latest earnings release for the quarter ending October 31, the company reported a quarterly GAAP net loss of $31.32 million. In comparison, last year the company had a GAAP net loss of $24.22 million.
Based on the recent corporate insider activity of 61 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.
