Morgan Stanley Maintains Overweight on MongoDB, Raises Price Target to $480
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Sanjit Singh has maintained an Overweight rating on MongoDB (NASDAQ:MDB) and raised the price target from $440 to $480.
September 01, 2023 | 2:36 pm
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Morgan Stanley has maintained an Overweight rating on MongoDB and raised the price target from $440 to $480. This could potentially lead to an increase in MongoDB's stock price.
Analyst ratings and price targets can significantly influence a stock's price. An Overweight rating suggests that the analyst believes the stock will outperform the market, while a raised price target indicates an expectation of future price increase. Both of these factors could potentially lead to an increase in MongoDB's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100