Truist Securities Maintains Buy on MongoDB, Lowers Price Target to $300
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained its Buy rating on MongoDB (NASDAQ:MDB) but has lowered the price target from $475 to $300.
May 31, 2024 | 1:02 pm
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Truist Securities has maintained its Buy rating on MongoDB but has lowered the price target from $475 to $300.
The Buy rating suggests continued confidence in MongoDB's long-term prospects, but the significant reduction in the price target indicates concerns about short-term performance or market conditions. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100