Mongodb (NASDAQ:MDB)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity in a research report issued to clients and investors on Wednesday, The Fly reports. They currently have a $45.00 target price on the stock, up from their prior target price of $35.00. Canaccord Genuity’s target price would suggest a potential upside of 18.86% from the company’s current price.
MDB has been the topic of several other reports. Canaccord Genuity Group started coverage on shares of Mongodb in a research note on Wednesday, November 15th. They set a “buy” rating and a $35.00 price objective on the stock. Zacks Investment Research upgraded shares of Mongodb from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Friday, January 19th. Morgan Stanley lowered their price objective on shares of Mongodb from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 30th. Nomura started coverage on shares of Mongodb in a research note on Tuesday, January 23rd. They set a “neutral” rating and a $30.00 price objective on the stock. Finally, ValuEngine upgraded shares of Mongodb from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $36.22.
Shares of Mongodb (NASDAQ MDB) opened at $37.86 on Wednesday. Mongodb has a 52-week low of $24.62 and a 52-week high of $41.21.
A number of institutional investors and hedge funds have recently made changes to their positions in MDB. Gilder Gagnon Howe & Co. LLC acquired a new position in Mongodb in the 4th quarter valued at about $37,571,000. CI Investments Inc. acquired a new position in Mongodb in the 4th quarter valued at about $2,226,000. Thompson Davis & CO. Inc. acquired a new position in Mongodb in the 4th quarter valued at about $103,000. Essex Investment Management Co. LLC acquired a new position in Mongodb in the 4th quarter valued at about $2,127,000. Finally, Brighton Jones LLC acquired a new position in Mongodb in the 4th quarter valued at about $214,000. Institutional investors and hedge funds own 26.80% of the company’s stock.
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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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