Needham Sticks to Their Buy Rating for MongoDB (MDB)


Needham analyst Jack Andrews reiterated a Buy rating on MongoDB (MDB) today and set a price target of $189.00. The company’s shares closed last Monday at $152.11.

According to TipRanks.com, Andrews is a 5-star analyst with an average return of 21.6% and a 69.3% success rate. Andrews covers the Technology sector, focusing on stocks such as New Relic, Atlassian, and Talend SA.

MongoDB has an analyst consensus of Moderate Buy, with a price target consensus of $168.44.

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The company has a one-year high of $184.78 and a one-year low of $84.13. Currently, MongoDB has an average volume of 1.09M.

Based on the recent corporate insider activity of 106 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 Atlas, and Community Server. It also offers professional services including consulting and training.

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