RBC Capital Maintains Outperform on MongoDB, Raises Price Target to $475
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Rishi Jaluria maintains an Outperform rating on MongoDB and increases the price target from $445 to $475.
December 06, 2023 | 3:58 pm
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RBC Capital analyst Rishi Jaluria has raised the price target for MongoDB from $445 to $475, maintaining an Outperform rating.
An increase in the price target by a reputable analyst typically indicates a positive outlook on the stock, suggesting that the company's performance and future prospects are strong. This can lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100