MongoDB (MDB) Receives a Buy from Oppenheimer
Oppenheimer analyst Ittai Kidron assigned a Buy rating to MongoDB (MDB) today and set a price target of $240.00. The company’s shares closed last Tuesday at $202.00.
According to TipRanks.com, Kidron is a top 25 analyst with an average return of 33.3% and a 75.3% success rate. Kidron covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Zoom Video Communications, and Slack Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MongoDB with a $233.70 average price target, a 16.6% upside from current levels. In a report issued on May 28, Citigroup also maintained a Buy rating on the stock with a $275.00 price target.
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The company has a one-year high of $243.92 and a one-year low of $93.81. Currently, MongoDB has an average volume of 1.22M.
Based on the recent corporate insider activity of 102 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MDB in relation to earlier this year.
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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 Atlas, and Community Server. It also offers professional services including consulting and training. 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.
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