Needham Maintains Buy on MongoDB, Lowers Price Target to $290
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mike Cikos maintains a Buy rating on MongoDB (NASDAQ:MDB) but lowers the price target from $465 to $290.
May 31, 2024 | 9:34 am
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Needham analyst Mike Cikos maintains a Buy rating on MongoDB but lowers the price target from $465 to $290.
The lowered price target from $465 to $290 suggests a more cautious outlook on MongoDB's future performance, which could negatively impact short-term investor sentiment despite the maintained Buy rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100