B of A Securities Maintains Buy on MongoDB, Lowers Price Target to $470
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Bradley Sills maintains a Buy rating on MongoDB (NASDAQ:MDB) but lowers the price target from $500 to $470.

May 17, 2024 | 12:00 pm
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NEUTRAL IMPACT
B of A Securities analyst Bradley Sills maintains a Buy rating on MongoDB but lowers the price target from $500 to $470.
The Buy rating suggests continued confidence in MongoDB's long-term prospects, but the lowered price target indicates some caution about short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100