In a report released today, Marshall Senk from Rosenblatt Securities maintained a Buy rating on MongoDB Inc (MDB), with a price target of $140. The company’s shares opened today at $130.94, close to its 52-week high of $134.40.
Senk noted:
“We are increasing our price target to $140 (from $90) which represents 15x our F21 revenue estimate which is driven by the company’s consistent outperformance.”
According to TipRanks.com, Senk is a 5-star analyst with an average return of 22.1% and a 77.6% success rate. Senk covers the Technology sector, focusing on stocks such as Carbonite Inc, Cloudera Inc, and Splunk Inc.
MongoDB Inc has an analyst consensus of Moderate Buy, with a price target consensus of $117.30, implying a -10.4% downside from current levels. In a report issued on February 28, Needham also maintained a Buy rating on the stock with a $108 price target.
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The company has a one-year high of $134.40 and a one-year low of $32.35. Currently, MongoDB Inc has an average volume of 1.2M.
Based on the recent corporate insider activity of 80 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.
