Equities researchers at JMP Securities initiated coverage on shares of MongoDB, Inc. (NASDAQ:MDB) in a research note issued to investors on Monday. The brokerage set a “market perform” rating on the stock.
A number of other brokerages have also recently weighed in on MDB. Goldman Sachs Group, Inc. (The) began coverage on MongoDB in a report on Monday. They issued a “neutral” rating and a $30.00 target price on the stock. Barclays PLC assumed coverage on MongoDB in a report on Monday. They issued an “overweight” rating and a $38.00 target price on the stock. Finally, Needham & Company LLC assumed coverage on MongoDB in a research report on Monday, October 23rd. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $33.83.
Shares of MongoDB (NASDAQ:MDB) traded down $0.80 during trading on Monday, reaching $29.88. The company had a trading volume of 124,300 shares, compared to its average volume of 528,378. MongoDB has a 52-week low of $29.01 and a 52-week high of $34.00.
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.
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