UBS Downgrades MongoDB to Neutral, Lowers Price Target to $410
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Karl Keirstead has downgraded MongoDB (NASDAQ:MDB) from Buy to Neutral and reduced the price target from $475 to $410.
January 04, 2024 | 9:41 am
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MongoDB's stock rating was downgraded by UBS from Buy to Neutral, and its price target was lowered from $475 to $410.
The downgrade from Buy to Neutral by a major analyst like UBS suggests a less optimistic outlook on MongoDB's stock performance. The reduction in price target may lead to a negative investor sentiment in the short term, potentially causing a decrease in the stock price.
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IMPORTANCE 85
RELEVANCE 100