Mongodb Inc (MDB) Receives Average Recommendation of “Hold” from Brokerages

Shares of Mongodb Inc (NYSE:MDB) have earned a consensus recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $33.60.

Several analysts have issued reports on the company. Morgan Stanley initiated coverage on Mongodb in a research report on Monday. They set an “equal weight” rating and a $31.00 target price on the stock. Stifel Nicolaus initiated coverage on Mongodb in a research report on Monday. They issued a “buy” rating and a $34.00 price objective for the company. Canaccord Genuity initiated coverage on Mongodb in a research report on Monday. They issued a “buy” rating and a $35.00 price objective for the company. Goldman Sachs Group, Inc. (The) initiated coverage on Mongodb in a research report on Monday. They issued a “neutral” rating and a $30.00 price objective for the company. Finally, Barclays PLC initiated coverage on Mongodb in a research report on Monday. They issued an “overweight” rating and a $38.00 price objective for the company.

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Shares of Mongodb (NYSE MDB) traded up $0.60 during midday trading on Monday, reaching $30.80. The company’s stock had a trading volume of 27,476 shares, compared to its average volume of 1,280,000. Mongodb has a 1-year low of $29.01 and a 1-year high of $34.00.

About Mongodb

MongoDB, Inc offers MongoDB, a 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 (NYSE:MDB)

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