There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on MongoDB Inc (NASDAQ:MDB) and Descartes (NASDAQ:DSGX) with bullish sentiments.
MongoDB Inc (MDB)
Barclays analyst Raimo Lenschow maintained a Buy rating on MongoDB Inc yesterday and set a price target of $79. The company’s shares opened today at $78.40, close to its 52-week high of $79.12.
According to TipRanks.com, Lenschow is a top 100 analyst with an average return of 19.3% and a 74.2% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Cornerstone Ondemand, and Coupa Software Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for MongoDB Inc with a $79.71 average price target, representing a 1.7% upside. In a report issued on September 4, Needham also maintained a Buy rating on the stock with a $85 price target.
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Descartes (DSGX)
In a report released yesterday, Phillip Huang from Barclays maintained a Buy rating on Descartes, with a price target of $40. The company’s shares opened today at $33.75.
According to TipRanks.com, Huang is a 5-star analyst with an average return of 12.3% and a 84.7% success rate. Huang covers the Technology sector, focusing on stocks such as Rogers Communication, CGI Group, and Open Text.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Descartes with a $36.83 average price target, which is a 9.1% upside from current levels. In a report issued on August 28, Haywood also upgraded the stock to Buy with a $37.50 price target.
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