Mongodb (MDB) PT Lowered to $32.00 at Morgan Stanley

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.

Mongodb (NASDAQ:MDB) last issued its quarterly earnings data on Tuesday, December 12th. The company reported ($1.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.90). The company had revenue of $41.50 million for the quarter, compared to analyst estimates of $37.21 million. The company’s revenue for the quarter was up 57.8% compared to the same quarter last year. sell-side analysts predict that Mongodb will post -1.77 earnings per share for the current year.

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.

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About Mongodb

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)

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