Wells Fargo Maintains Overweight on MongoDB, Lowers Price Target to $300
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Nowinski maintains an Overweight rating on MongoDB (NASDAQ:MDB) but lowers the price target from $450 to $300.
May 31, 2024 | 4:25 pm
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NEGATIVE IMPACT
Wells Fargo maintains an Overweight rating on MongoDB but lowers the price target from $450 to $300.
The lowered price target from $450 to $300 suggests a more cautious outlook on MongoDB's future performance, which could negatively impact investor sentiment in the short term despite the maintained Overweight rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100