MongoDB Inc (NASDAQ: MDB) received a Buy rating and a $65 price target from Rosenblatt Securities analyst Marshall Senk on July 9. The company’s shares closed yesterday at $52.79.
Senk wrote:
“We model improvement in both EPS and FCF as billings roll to revenue with EPS of ($1.08) and FCF of ($32) million.”
According to TipRanks.com, Senk is a 5-star analyst with an average return of 24.6% and a 76.5% success rate. Senk covers the Technology sector, focusing on stocks such as Proofpoint Inc, Salesforce.com, and Carbonite Inc.
Currently, the analyst consensus on MongoDB Inc is a Strong Buy with an average price target of $57.20, implying an 8.4% upside from current levels. In a report issued on June 25, Monness also maintained a Buy rating on the stock with a $60 price target.
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The company has a one-year high of $59.54 and a one-year low of $24.62. Currently, MongoDB Inc has an average volume of 962.1K.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is neutral 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.
