Needham Reiterates Buy on MongoDB, Maintains $495 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mike Cikos has reiterated a Buy rating on MongoDB (NASDAQ:MDB) and maintained a price target of $495.
January 17, 2024 | 11:51 am
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Needham analyst Mike Cikos reaffirmed a Buy rating on MongoDB, Inc. and kept the price target at $495.
The reiteration of a Buy rating by a reputable analyst like Mike Cikos from Needham is a positive signal for investors, suggesting confidence in MongoDB's future performance. The maintained price target of $495 indicates a belief that the stock has significant upside potential from its current level. This could lead to increased investor interest and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100