Mongodb (NASDAQ:MDB) had its price target raised by investment analysts at Barclays from $38.00 to $45.00 in a research note issued to investors on Wednesday. The brokerage presently has an “overweight” rating on the stock. Barclays’ price target would suggest a potential upside of 13.26% from the company’s previous close.

A number of other brokerages have also weighed in on MDB. Zacks Investment Research lowered shares of Mongodb from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th. ValuEngine upgraded shares of Mongodb from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Morgan Stanley cut their price target on shares of Mongodb from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 30th. Nomura started coverage on shares of Mongodb in a research note on Tuesday, January 23rd. They set a “neutral” rating and a $30.00 price target on the stock. Finally, Canaccord Genuity started coverage on shares of Mongodb in a research note on Wednesday, December 13th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $37.56.

How to Become a New Pot Stock Millionaire

Shares of Mongodb (NASDAQ MDB) opened at $39.73 on Wednesday. Mongodb has a fifty-two week low of $24.62 and a fifty-two week high of $41.50.

Mongodb (NASDAQ:MDB) last announced its quarterly earnings data on Tuesday, March 13th. The company reported ($0.40) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.43) by $0.03. The firm had revenue of $45.00 million during the quarter, compared to analyst estimates of $42.60 million. The business’s revenue for the quarter was up 50.5% on a year-over-year basis. research analysts forecast that Mongodb will post -1.66 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in the stock. Zimmer Partners LP acquired a new stake in Mongodb during the 4th quarter worth $4,600,000. Millennium Management LLC acquired a new position in Mongodb in the fourth quarter valued at $11,579,000. Wolverine Trading LLC acquired a new position in Mongodb in the fourth quarter valued at $295,000. HBK Investments L P acquired a new position in Mongodb in the fourth quarter valued at $2,226,000. Finally, Goldman Sachs Group Inc. acquired a new position in Mongodb in the fourth quarter valued at $4,493,000. Hedge funds and other institutional investors own 26.80% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another domain, it was stolen and reposted in violation of US and international copyright and trademark law. The original version of this piece can be accessed at https://www.watchlistnews.com/mongodb-mdb-given-new-45-00-price-target-at-barclays/1934246.html.

Mongodb Company Profile

MongoDB, Inc is a modern, general purpose database platform. Its platform is designed to run applications at scale across a broad range of use cases in the cloud, on-premise or in a hybrid environment. Its primary subscription package is MongoDB Enterprise Advanced, which includes its proprietary database server, security, enterprise management capabilities, its graphical user interface, analytics integrations and technical support.

Analyst Recommendations for Mongodb (NASDAQ:MDB)

Receive News & Ratings for Mongodb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mongodb and related companies with MarketBeat.com's FREE daily email newsletter.