DA Davidson Upgrades MongoDB to Buy, Raises Price Target to $430
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Rudy Kessinger upgraded MongoDB (NASDAQ:MDB) from Neutral to Buy and increased the price target from $405 to $430.

March 08, 2024 | 12:39 pm
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MongoDB upgraded to Buy from Neutral by DA Davidson, with a price target increase from $405 to $430.
Upgrades by analysts, especially from Neutral to Buy, typically signal a positive outlook on the stock, suggesting potential for price appreciation. The increase in price target further supports this positive sentiment, indicating an expectation of strong performance or value realization by MongoDB in the near term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100