Guggenheim Downgrades MongoDB to Sell, Raises Price Target to $210
Portfolio Pulse from richadhand@benzinga.com
Guggenheim analyst Howard Ma downgrades MongoDB (NASDAQ:MDB) from Neutral to Sell and raises the price target from $205 to $210.
May 26, 2023 | 8:45 am
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NEGATIVE IMPACT
Guggenheim downgraded MongoDB (MDB) to Sell and increased the price target to $210.
The downgrade from Neutral to Sell by Guggenheim analyst Howard Ma indicates a negative outlook for MongoDB's stock in the short term. The price target increase from $205 to $210, however, suggests that the analyst sees some potential for growth in the stock's value. The downgrade is likely to have a negative impact on the stock price in the short term, as investors may perceive this as a signal to sell their shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100