Barclays Maintains Overweight on MongoDB, Raises Price Target to $478
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow has maintained an Overweight rating on MongoDB (NASDAQ:MDB) and increased the price target from $470 to $478, indicating a positive outlook on the company's stock.
December 06, 2023 | 11:57 am
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Barclays has reaffirmed its Overweight rating on MongoDB and raised its price target to $478, suggesting confidence in the company's future stock performance.
The increase in price target by a reputable analyst like Raimo Lenschow from Barclays typically signals a bullish outlook on the stock, which can positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
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