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Fly News Breaks for January 4, 2019
MDB
Jan 4, 2019 | 06:50 EDT
Oppenheimer analyst Ittai Kidron told investors in a research note that MongoDB is one of the firm's top picks for 2019, saying he sees upside coming from share gains in a large and fragmented market. While the stock appears expensive, business performance and costs are becoming more dependent on database choice, putting the company in a position to strongly grow even with potential macro disruptions, Kidron contends. Kidron has an Outperform rating and $90 price target on shares.
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