Redburn Atlantic Downgrades MongoDB to Sell, Announces $295 Price Target
Portfolio Pulse from Benzinga Newsdesk
Redburn Atlantic analyst Alex Haissl downgrades MongoDB (NASDAQ:MDB) from Neutral to Sell and sets a $295 price target.
March 19, 2024 | 10:09 am
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NEGATIVE IMPACT
MongoDB downgraded from Neutral to Sell by Redburn Atlantic with a new price target of $295.
The downgrade from Neutral to Sell by a notable analyst could lead to a negative sentiment among investors, potentially causing a short-term decrease in MongoDB's stock price. The setting of a price target provides a specific valuation expectation, influencing investor perceptions and market positioning.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100