MongoDB, Inc. (MDB) Now Covered by JMP Securities

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.

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MongoDB Company Profile

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 (NASDAQ:MDB)

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