Piper Sandler Maintains Overweight on MongoDB, Lowers Price Target to $350
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Brent Bracelin maintains an Overweight rating on MongoDB (NASDAQ:MDB) but lowers the price target from $480 to $350.
May 31, 2024 | 9:33 am
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Piper Sandler analyst Brent Bracelin maintains an Overweight rating on MongoDB but lowers the price target from $480 to $350.
The lowered price target from $480 to $350 suggests a more cautious outlook on MongoDB's future performance, which could negatively impact investor sentiment in the short term despite the maintained Overweight rating.
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