Morgan Stanley Maintains Overweight on MongoDB, Raises Price Target to $340
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Sanjit Singh has maintained an Overweight rating on MongoDB and raised the price target from $320 to $340.
August 30, 2024 | 11:46 am
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Morgan Stanley has reaffirmed its Overweight rating on MongoDB and increased the price target from $320 to $340, indicating a positive outlook.
The increase in price target from $320 to $340 by Morgan Stanley suggests a positive outlook for MongoDB's stock, likely leading to a short-term price increase. The Overweight rating indicates confidence in the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100