Scotiabank Maintains Sector Perform on MongoDB, Lowers Price Target to $385
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Patrick Colville has maintained a 'Sector Perform' rating on MongoDB (NASDAQ:MDB) but lowered the price target from $400 to $385.
March 08, 2024 | 1:52 pm
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NEGATIVE IMPACT
Scotiabank maintains a 'Sector Perform' rating on MongoDB, with a reduced price target from $400 to $385.
The reduction in price target by Scotiabank, despite maintaining the same performance rating, could lead to a negative short-term sentiment among investors, potentially causing a decrease in MongoDB's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100