This Is What Whales Are Betting On MongoDB
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on MongoDB (NASDAQ:MDB), with 58% of investors opening trades with bullish expectations and 41% with bearish. The whale has been targeting a price range from $350.0 to $460.0 for MongoDB over the last 3 months. The price of MDB is up 4.5% at $420.91. JMP Securities and Keybanc have maintained their Outperform and Overweight ratings on MongoDB, with price targets of $425 and $462 respectively.
August 04, 2023 | 3:35 pm
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POSITIVE IMPACT
Bullish stance by a whale investor and positive ratings from JMP Securities and Keybanc could drive MongoDB's stock price up in the short term.
The bullish stance by a whale investor indicates a strong belief in the company's potential growth. Additionally, positive ratings from JMP Securities and Keybanc further reinforce the positive outlook for the company. These factors could lead to an increase in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100