Mizuho Reiterates Neutral on MongoDB, Lowers Price Target to $380
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Matthew Broome has reiterated a Neutral rating on MongoDB (NASDAQ:MDB) and lowered the price target from $420 to $380.
March 08, 2024 | 3:05 pm
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NEGATIVE IMPACT
Mizuho has maintained a Neutral rating on MongoDB and reduced the price target from $420 to $380.
The reduction in price target by Mizuho suggests a less optimistic outlook on MongoDB's stock price in the short term, potentially leading to negative investor sentiment and a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100