Canaccord Genuity Maintains Buy on MongoDB, Lowers Price Target to $325
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst David Hynes maintains a Buy rating on MongoDB (NASDAQ:MDB) but lowers the price target from $435 to $325.
May 31, 2024 | 4:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Canaccord Genuity analyst David Hynes maintains a Buy rating on MongoDB but lowers the price target from $435 to $325.
The lowered price target from $435 to $325 suggests a more cautious outlook on MongoDB's future performance, which could lead to a short-term negative impact on the stock price despite the maintained Buy rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100