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Fly News Breaks for March 22, 2019
MDB
Mar 22, 2019 | 09:17 EDT
William Blair analyst Jason Ader initiated coverage of MongoDB with an Outperform saying he expects the company to post "strong" top-line growth for the next several years After having seen little innovation since the 1970s, the $30B operational database market has been upended by a bevy of new vendors and technologies, led by MongoDB, Ader tells investors in a research note partially titled "Developer-Friendly Database Still Scratching the Surface." The analyst adds that while valuation looks rich today at an enterprise value of 15.7 times projected calendar 2020 revenue, he sees a "multiyear runway for growth, especially as MongoDB pushes into the larger relational database segment." The stock closed yesterday down 14c to $154.50.
News For MDB From the Last 2 Days
MDB
Mar 28, 2024 | 10:57 EDT
Tigress Financial raised the firm's price target on MongoDB to $500 from $495 and keeps a Buy rating on the shares. The firm, which notes that MongoDB continues to see strong revenue and cash flow growth through ongoing product enhancements and new feature introductions, views the recent pullback in the stock as "a major buying opportunity" and notes that its revised target represents a potential return of close to 40% from current levels.