Mongodb (NASDAQ:MDB)‘s stock had its “equal weight” rating restated by analysts at Morgan Stanley in a research report issued to clients and investors on Wednesday. They currently have a $35.00 price target on the stock, up from their prior price target of $32.00. Morgan Stanley’s target price would indicate a potential downside of 12.19% from the company’s previous close.
Several other research firms have also recently commented on MDB. Zacks Investment Research cut Mongodb from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th. ValuEngine raised Mongodb from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Barclays upped their price target on Mongodb from $38.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday. Canaccord Genuity reaffirmed a “buy” rating and issued a $45.00 price target (up previously from $35.00) on shares of Mongodb in a report on Wednesday. Finally, Nomura initiated coverage on Mongodb in a report on Tuesday, January 23rd. They issued a “neutral” rating and a $30.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $37.56.
Mongodb (MDB) traded down $0.81 during trading on Wednesday, reaching $39.86. The company’s stock had a trading volume of 69,440 shares, compared to its average volume of 296,591. Mongodb has a 12-month low of $24.62 and a 12-month high of $41.50.
Several institutional investors and hedge funds have recently modified their holdings of MDB. Union Square GP 2008 L.L.C. acquired a new position in shares of Mongodb in the 4th quarter worth approximately $117,307,000. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Mongodb in the 4th quarter worth approximately $37,571,000. Schf GPE LLC acquired a new position in shares of Mongodb in the 4th quarter worth approximately $23,687,000. Wells Fargo & Company MN acquired a new position in shares of Mongodb in the 4th quarter worth approximately $14,839,000. Finally, Millennium Management LLC acquired a new position in shares of Mongodb in the 4th quarter worth approximately $11,579,000. 26.80% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: “Mongodb (MDB) Stock Rating Reaffirmed by Morgan Stanley” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/03/14/mongodb-mdb-pt-raised-to-35-00.html.
Mongodb Company Profile
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.