Monness analyst Brian White maintained a Buy rating on MongoDB (MDB) today and set a price target of $190.00. The company’s shares closed last Monday at $131.01.
According to TipRanks.com, White is a top 100 analyst with an average return of 23.1% and a 70.6% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Slack Technologies, and Salesforce.
Currently, the analyst consensus on MongoDB is a Moderate Buy with an average price target of $152.67, implying a 17.0% upside from current levels. In a report issued on December 3, Needham also reiterated a Buy rating on the stock with a $187.00 price target.
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The company has a one-year high of $184.78 and a one-year low of $70.10. Currently, MongoDB has an average volume of 1.25M.
Based on the recent corporate insider activity of 104 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.
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