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Fly News Breaks for December 10, 2019
MDB
Dec 10, 2019 | 09:26 EDT
DA Davidson analyst Rishi Jaluria lowered his price target on MongoDB to $143 and kept his Neutral rating after its Q3 results, saying that while the company beat on earnings and guided FY20 above expectations, its gross margins may face headwinds as more Atlas customers pay on a monthly basis rather than with an annual advance. The analyst notes that he remains positive on MongoDB amid a shift to next-generation databases, but he also sees it as one of the most expensive software stocks in his coverage universe.
News For MDB From the Last 2 Days
