Wells Fargo Maintains Overweight on MongoDB, Raises Price Target to $350
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Nowinski has maintained an Overweight rating on MongoDB and raised the price target from $300 to $350.
August 30, 2024 | 2:41 pm
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Wells Fargo has increased its price target for MongoDB from $300 to $350, maintaining an Overweight rating. This suggests a positive outlook for MongoDB's stock.
The increase in price target from $300 to $350 by Wells Fargo, along with maintaining an Overweight rating, indicates a strong positive sentiment towards MongoDB's future performance. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100