Canaccord Genuity Maintains Buy on MongoDB, Raises Price Target to $410
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst David Hynes maintains a Buy rating on MongoDB (NASDAQ:MDB) and raises the price target from $250 to $410.
June 06, 2023 | 12:40 pm
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Canaccord Genuity maintains a Buy rating on MongoDB and raises the price target from $250 to $410.
The news of Canaccord Genuity maintaining a Buy rating and raising the price target for MongoDB (NASDAQ:MDB) from $250 to $410 is positive for the company. This indicates that the analyst has a bullish outlook on the stock, which could lead to increased investor interest and potentially drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100