Mongodb (NASDAQ:MDB) had its price objective dropped by stock analysts at Morgan Stanley from $33.00 to $32.00 in a research note issued on Tuesday. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 18.04% from the company’s previous close.
Several other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Mongodb from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Nomura began coverage on shares of Mongodb in a research note on Tuesday, January 23rd. They issued a “neutral” rating and a $30.00 price target on the stock. ValuEngine upgraded shares of Mongodb from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Canaccord Genuity began coverage on shares of Mongodb in a research note on Wednesday, December 13th. They issued a “buy” rating on the stock. Finally, Canaccord Genuity Group began coverage on shares of Mongodb in a research note on Wednesday, November 15th. They issued a “buy” rating and a $35.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Mongodb presently has a consensus rating of “Hold” and a consensus target price of $33.25.
Shares of Mongodb (NASDAQ MDB) opened at $27.11 on Tuesday. Mongodb has a twelve month low of $24.62 and a twelve month high of $34.00.
A hedge fund recently bought a new stake in Mongodb stock. Gilder Gagnon Howe & Co. LLC acquired a new stake in Mongodb Inc (NASDAQ:MDB) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 1,265,857 shares of the company’s stock, valued at approximately $37,571,000. Gilder Gagnon Howe & Co. LLC owned 2.50% of Mongodb at the end of the most recent reporting period. Institutional investors and hedge funds own 0.29% of the company’s stock.
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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