Mizuho Maintains Neutral on MongoDB, Lowers Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Matthew Broome maintains a Neutral rating on MongoDB (NASDAQ:MDB) but lowers the price target from $380 to $250.

May 31, 2024 | 12:48 pm
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Mizuho analyst Matthew Broome maintains a Neutral rating on MongoDB but lowers the price target from $380 to $250.
The lowered price target from $380 to $250 by Mizuho suggests a less optimistic outlook for MongoDB's stock performance. This could lead to a short-term negative impact on the stock price as investors may adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100