Wells Fargo Maintains Overweight on MongoDB, Lowers Price Target to $450
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Nowinski has maintained an Overweight rating on MongoDB (NASDAQ:MDB) but has lowered the price target from $500 to $450.
March 08, 2024 | 12:25 pm
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NEGATIVE IMPACT
Wells Fargo maintains an Overweight rating on MongoDB but lowers the price target from $500 to $450.
The reduction in the price target by Wells Fargo, despite maintaining an Overweight rating, could lead to a short-term negative sentiment among investors, potentially causing a decrease in MongoDB's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100