Monness Reaffirms Their Buy Rating on MongoDB Inc (MDB)


In a report released today, Brian White from Monness maintained a Buy rating on MongoDB Inc (MDB), with a price target of $90. The company’s shares closed yesterday at $80.56, close to its 52-week high of $85.78.

According to TipRanks.com, White is a top 100 analyst with an average return of 16.6% and a 62.9% success rate. White covers the Technology sector, focusing on stocks such as Salesforce.com, Alphabet Inc, and Cloudera Inc.

MongoDB Inc has an analyst consensus of Strong Buy, with a price target consensus of $82.11.

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The company has a one-year high of $85.78 and a one-year low of $24.62. Currently, MongoDB Inc has an average volume of 1.11M.

Based on the recent corporate insider activity of 60 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.

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