MongoDB shares are trading lower after Redburn Atlantic downgraded the stock from Neutral to Sell and announced a $295 price target.
Portfolio Pulse from Benzinga Newsdesk
MongoDB shares are trading lower following a downgrade from Neutral to Sell by Redburn Atlantic, with a new price target set at $295.
March 19, 2024 | 11:10 am
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MongoDB's stock price is expected to face downward pressure in the short term due to the downgrade from Neutral to Sell by Redburn Atlantic, alongside a new price target of $295.
Analyst downgrades typically lead to a negative perception among investors, potentially causing a sell-off. The setting of a specific price target provides a benchmark that could influence investor expectations and market sentiment towards the stock.
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