Companies in the Technology sector have received a lot of coverage today as analysts weigh in on MongoDB (MDB) and Intel (INTC).
MongoDB (MDB)
In a report released today, Jack Andrews from Needham reiterated a Buy rating on MongoDB, with a price target of $394.00. The company’s shares closed last Friday at $361.26, close to its 52-week high of $399.00.
According to TipRanks.com, Andrews is a top 100 analyst with an average return of 33.2% and a 71.8% success rate. Andrews covers the Technology sector, focusing on stocks such as CommVault Systems, LiveRamp Holdings, and Pegasystems.
MongoDB has an analyst consensus of Strong Buy, with a price target consensus of $393.20, a 7.4% upside from current levels. In a report issued on January 6, Macquarie also initiated coverage with a Buy rating on the stock with a $400.00 price target.
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Intel (INTC)
In a report released today, Hans Mosesmann from Rosenblatt Securities reiterated a Sell rating on Intel, with a price target of $40.00. The company’s shares closed last Friday at $57.58.
According to TipRanks.com, Mosesmann is a 5-star analyst with an average return of 25.9% and a 68.0% success rate. Mosesmann covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Texas Instruments, and Monolithic Power.
The word on The Street in general, suggests a Hold analyst consensus rating for Intel with a $57.36 average price target, representing a -2.5% downside. In a report issued on January 13, Bernstein also maintained a Sell rating on the stock with a $40.00 price target.
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