Stifel Maintains Buy on MongoDB, Lowers Price Target to $300
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Brad Reback maintains a Buy rating on MongoDB (NASDAQ:MDB) but lowers the price target from $435 to $300.
May 31, 2024 | 1:26 pm
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Stifel analyst Brad Reback maintains a Buy rating on MongoDB but lowers the price target from $435 to $300.
The Buy rating suggests continued confidence in MongoDB's long-term prospects, but the lowered price target indicates a more cautious short-term outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100