Guggenheim Maintains Sell on MongoDB, Raises Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Howard Ma maintains a Sell rating on MongoDB (NASDAQ:MDB) and raises the price target from $220 to $250.
September 01, 2023 | 1:19 pm
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Guggenheim maintains a Sell rating on MongoDB but raises the price target from $220 to $250.
The news directly pertains to MongoDB. Despite the raised price target, the maintained Sell rating suggests that the analyst believes the stock is overvalued or will underperform, which could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100