Guggenheim Maintains Sell on MongoDB, Raises Price Target to $272
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Howard Ma maintains a Sell rating on MongoDB (NASDAQ:MDB) but raises the price target from $250 to $272.
March 04, 2024 | 2:16 pm
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Guggenheim maintains a Sell rating on MongoDB but increases the price target from $250 to $272.
While the Sell rating suggests a negative outlook on MongoDB's stock, the increase in the price target from $250 to $272 indicates a slightly more positive view on the stock's valuation. This mixed signal could lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the implications.
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