Mongodb (NASDAQ:MDB)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity in a report issued on Wednesday, The Fly reports. They presently have a $45.00 price objective on the stock, up from their previous price objective of $35.00. Canaccord Genuity’s price target would suggest a potential upside of 18.86% from the company’s current price.
Several other analysts have also recently commented on MDB. Canaccord Genuity Group started coverage on Mongodb in a report on Wednesday, November 15th. They set a “buy” rating and a $35.00 target price on the stock. ValuEngine upgraded Mongodb from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded Mongodb from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Saturday, January 13th. Nomura started coverage on Mongodb in a report on Tuesday, January 23rd. They issued a “neutral” rating and a $30.00 price target on the stock. Finally, Morgan Stanley decreased their price target on Mongodb from $33.00 to $32.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $36.22.
Shares of Mongodb (NASDAQ:MDB) opened at $37.86 on Wednesday. Mongodb has a 1-year low of $24.62 and a 1-year high of $41.21.
A number of institutional investors have recently bought and sold shares of MDB. Thompson Davis & CO. Inc. bought a new position in Mongodb in the fourth quarter valued at about $103,000. Brighton Jones LLC bought a new position in Mongodb in the fourth quarter valued at about $214,000. Wolverine Trading LLC bought a new position in Mongodb in the fourth quarter valued at about $295,000. Bamco Inc. NY bought a new position in Mongodb in the fourth quarter valued at about $297,000. Finally, Wolverine Asset Management LLC bought a new position in Mongodb in the fourth quarter valued at about $445,000. Institutional investors and hedge funds own 26.80% of the company’s stock.
WARNING: This report was first posted by American Banking News and is owned by of American Banking News. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at https://www.americanbankingnews.com/2018/03/14/canaccord-genuity-reaffirms-buy-rating-for-mongodb-mdb.html.
MongoDB, Inc is a modern, general purpose database platform. Its platform is designed to run applications at scale across a broad range of use cases in the cloud, on-premise or in a hybrid environment. Its primary subscription package is MongoDB Enterprise Advanced, which includes its proprietary database server, security, enterprise management capabilities, its graphical user interface, analytics integrations and technical support.
Receive News & Ratings for Mongodb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mongodb and related companies with MarketBeat.com's FREE daily email newsletter.