Mongodb (MDB) Given New $45.00 Price Target at Barclays
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.
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.
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.
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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.
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