Keybanc Maintains Overweight on MongoDB, Lowers Price Target to $490
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Eric Heath maintains an Overweight rating on MongoDB (NASDAQ:MDB) but lowers the price target from $543 to $490.
March 08, 2024 | 3:00 pm
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MongoDB's price target was lowered from $543 to $490 by Keybanc, although the Overweight rating was maintained.
The reduction in MongoDB's price target by Keybanc, despite maintaining an Overweight rating, could lead to short-term negative sentiment among investors, potentially impacting the stock's price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100