In a report released today, Jack Andrews from Needham maintained a Buy rating on MongoDB Inc (NASDAQ: MDB), with a price target of $85. The company’s shares opened today at $73.65, close to its 52-week high of $74.43.
According to TipRanks.com, Andrews is a 5-star analyst with an average return of 21.9% and a 69.9% success rate. Andrews covers the Technology sector, focusing on stocks such as New Relic Inc, Attunity Ltd, and Hortonworks.
MongoDB Inc has an analyst consensus of Strong Buy, with a price target consensus of $64.43.
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Based on MongoDB Inc’s latest earnings release for the quarter ending April 30, the company reported a quarterly GAAP net loss of $29.16 million. In comparison, last year the company had a GAAP net loss of $26.08 million.
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.
