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Fly News Breaks for December 10, 2019
MDB
Dec 10, 2019 | 09:23 EDT
Stifel analyst Brad Reback added MongoDB to the Stifel Select List after the company "delivered another impressive quarter" highlighted by year-over-year growth of 185% for Atlas and the fact that all key financial metrics beat guidance and consensus. He believes MongoDB's general purpose document database and Atlas Database-as-a-Service offering are helping transition the company towards "a true cloud platform" that can sustain 30%+ recurring revenue growth, Reback tells investors. He keeps a Buy rating and $185 price target on MongoDB shares.
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.