Morgan Stanley Maintains Overweight on MongoDB, Lowers Price Target to $320
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Sanjit Singh maintains an Overweight rating on MongoDB (NASDAQ:MDB) but lowers the price target from $455 to $320.
May 31, 2024 | 12:39 pm
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Morgan Stanley analyst Sanjit Singh maintains an Overweight rating on MongoDB but lowers the price target from $455 to $320.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some concerns about future performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100