Needham Maintains Buy on MongoDB, Lowers Price Target to $465
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mike Cikos maintains a Buy rating on MongoDB (NASDAQ:MDB) but lowers the price target from $495 to $465.

March 08, 2024 | 11:31 am
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Needham maintains a Buy rating on MongoDB but lowers the price target from $495 to $465.
While the Buy rating reaffirms confidence in MongoDB's long-term prospects, the reduction in the price target could signal concerns about near-term challenges or valuation adjustments. This mixed signal might lead to short-term price volatility as investors reassess their expectations.
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