What 11 Analyst Ratings Have To Say About MongoDB
Portfolio Pulse from Benzinga Insights
Over the last 3 months, 11 Wall Street analysts have provided ratings for MongoDB (NASDAQ:MDB), with an average 12-month price target of $454.55, a slight decrease from the previous target of $465.00. The ratings include 5 bullish, 5 somewhat bullish, and 1 indifferent, with no bearish sentiments. These ratings are used by investors to help guide stock trading decisions and are updated typically once a quarter.
December 06, 2023 | 12:00 pm
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POSITIVE IMPACT
MongoDB received mostly positive ratings from analysts, with 10 out of 11 showing a bullish or somewhat bullish stance and an average price target of $454.55, indicating a potential upside from the current trading price.
The predominance of bullish and somewhat bullish ratings from analysts suggests a positive outlook for MongoDB's stock. The slight decrease in the average price target may not significantly dampen investor sentiment, as it still represents a potential increase from the current price level. Analyst ratings can influence investor behavior and potentially lead to short-term price movements.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100