Scotiabank Maintains Sector Perform on MongoDB, Lowers Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Patrick Colville maintains a Sector Perform rating on MongoDB (NASDAQ:MDB) but lowers the price target from $385 to $250.
June 03, 2024 | 7:06 pm
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Scotiabank has maintained its Sector Perform rating on MongoDB but has significantly lowered the price target from $385 to $250, indicating a more cautious outlook.
The significant reduction in the price target from $385 to $250 by Scotiabank suggests a more cautious outlook on MongoDB's future performance. This could lead to a negative short-term impact on the stock price as investors may adjust their expectations.
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IMPORTANCE 80
RELEVANCE 100