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Fly News Breaks for December 10, 2019
MDB
Dec 10, 2019 | 07:03 EDT
Nomura Instinet analyst Christopher Eberle raised his price target for MongoDB to $78 from $76 and keeps a Reduce rating on the shares following the company's Q3 results. MongoDB reported "less than the typical magnitude of beats" seen in recent quarters, Eberle tells investors in a research note. Total Atlas revenue growth and net adds of ~1,000 total Atlas customers continues to leave him "uninspired." The analyst would expect this number to be growing more rapidly at this stage in the estimated $80B-plus addressable market.
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.