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Fly News Breaks for March 14, 2019
MDB
Mar 14, 2019 | 11:35 EDT
Canaccord analyst Richard Davis maintained a Buy rating on MondoDB and raised his price target to $125 from $95. Davis believes companies desire to analyze a broader range of data is generating organic growth for NoSQL of at least 30% per year, and noted that MongoDB has built "the largest customer footprint among about three dozen NoSQL DB vendors." In five years, the analyst sees Mongo reaching $1.2B-$2.0B in revenue.
News For MDB From the Last 2 Days
