JMP Securities Maintains Market Outperform on MongoDB, Lowers Price Target to $380
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Patrick Walravens maintains a Market Outperform rating on MongoDB (NASDAQ:MDB) but lowers the price target from $440 to $380.
May 31, 2024 | 3:23 pm
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NEUTRAL IMPACT
JMP Securities has maintained its Market Outperform rating on MongoDB but has lowered the price target from $440 to $380. This suggests that while the analyst remains positive on the stock, they see less upside potential in the near term.
The maintained Market Outperform rating indicates continued confidence in MongoDB's performance, but the lowered price target suggests a more conservative outlook on its short-term growth potential. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100