Barclays Maintains Overweight on MongoDB, Lowers Price Target to $290
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow maintains an Overweight rating on MongoDB (NASDAQ:MDB) but lowers the price target from $458 to $290.

May 31, 2024 | 6:04 pm
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Barclays analyst Raimo Lenschow maintains an Overweight rating on MongoDB but lowers the price target from $458 to $290, indicating a more cautious outlook.
The lowered price target from $458 to $290 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 Overweight rating.
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