Mongodb (MDB) – Investment Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Mongodb (NASDAQ: MDB) in the last few weeks:

  • 1/30/2018 – Mongodb had its price target lowered by analysts at Morgan Stanley from $33.00 to $32.00. They now have an “equal weight” rating on the stock.
  • 1/26/2018 – Mongodb was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “MongoDB, Inc. provides general purpose database platform. Its products include MongoDB Enterprise Advanced, MongoDB Enterprise for OEM, MongoDB Professional, MongoDB Stitch, MongoDB Atlas, Development Support, Ops Manager, Cloud Manager, Compass, Connector for business intelligence, and Connector for Spark. The company serves financial services, government, healthcare, media and entertainment, retail, technology and telecommunications industries. MongoDB, Inc. is headquartered in New York. “
  • 1/25/2018 – Mongodb was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $32.00 price target on the stock. According to Zacks, “MongoDB, Inc. provides general purpose database platform. Its products include MongoDB Enterprise Advanced, MongoDB Enterprise for OEM, MongoDB Professional, MongoDB Stitch, MongoDB Atlas, Development Support, Ops Manager, Cloud Manager, Compass, Connector for business intelligence, and Connector for Spark. The company serves financial services, government, healthcare, media and entertainment, retail, technology and telecommunications industries. MongoDB, Inc. is headquartered in New York. “
  • 1/23/2018 – Mongodb is now covered by analysts at Nomura. They set a “neutral” rating and a $30.00 price target on the stock.
  • 1/19/2018 – Mongodb was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $33.00 price target on the stock. According to Zacks, “MongoDB, Inc. provides general purpose database platform. Its products include MongoDB Enterprise Advanced, MongoDB Enterprise for OEM, MongoDB Professional, MongoDB Stitch, MongoDB Atlas, Development Support, Ops Manager, Cloud Manager, Compass, Connector for business intelligence, and Connector for Spark. The company serves financial services, government, healthcare, media and entertainment, retail, technology and telecommunications industries. MongoDB, Inc. is headquartered in New York. “
  • 1/17/2018 – Mongodb was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “MongoDB, Inc. provides general purpose database platform. Its products include MongoDB Enterprise Advanced, MongoDB Enterprise for OEM, MongoDB Professional, MongoDB Stitch, MongoDB Atlas, Development Support, Ops Manager, Cloud Manager, Compass, Connector for business intelligence, and Connector for Spark. The company serves financial services, government, healthcare, media and entertainment, retail, technology and telecommunications industries. MongoDB, Inc. is headquartered in New York. “
  • 1/13/2018 – Mongodb was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $33.00 price target on the stock. According to Zacks, “MongoDB, Inc. provides general purpose database platform. Its products include MongoDB Enterprise Advanced, MongoDB Enterprise for OEM, MongoDB Professional, MongoDB Stitch, MongoDB Atlas, Development Support, Ops Manager, Cloud Manager, Compass, Connector for business intelligence, and Connector for Spark. The company serves financial services, government, healthcare, media and entertainment, retail, technology and telecommunications industries. MongoDB, Inc. is headquartered in New York. “
  • 12/31/2017 – Mongodb was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 12/13/2017 – Mongodb is now covered by analysts at Canaccord Genuity. They set a “buy” rating on the stock. They wrote, “Summary and Recommendation We are initiating coverage of LivePerson, Inc. (LPSN) with a Buy rating and a 12-month price target of $16.50 per share. At a high level, we see LPSN as a thematic play on the shift from desktop to mobile computing, and we believe investors will latch onto the company’s exposure to favorable trends in mobile messaging and the rise of bots. LPSN pioneered the market for real- time business-to-consumer (B2C) chat solutions during the dot-com era, enabling enterprises to provide digital sales and support services via desktop browsers as Internet adoption took hold. With mobile devices now proliferating and messaging apps commanding the greatest usage among consumers, we believe the company is poised to benefit from a new product cycle.””

Shares of Mongodb Inc (NASDAQ MDB) traded up $0.11 during midday trading on Thursday, reaching $26.50. The company’s stock had a trading volume of 150,174 shares, compared to its average volume of 163,884. The firm has a market cap of $1,350.00 and a PE ratio of -16.56. Mongodb Inc has a 52-week low of $24.62 and a 52-week high of $34.00.

Mongodb (NASDAQ:MDB) last issued its quarterly earnings results on Tuesday, December 12th. The company reported ($1.39) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.49) by ($0.90). The firm had revenue of $41.50 million during the quarter, compared to the consensus estimate of $37.21 million. The business’s revenue for the quarter was up 57.8% on a year-over-year basis. equities analysts anticipate that Mongodb Inc will post -1.9 earnings per share for the current year.

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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