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MDB

MongoDB

$78.86

-2.65 (-3.25%)

, MSFT

Microsoft

$115.60

1.11 (0.97%)

08:36
10/02/18
10/02
08:36
10/02/18
08:36

Nomura downgrades MongoDB to Reduce on 'extreme valuation'

Nomura Instinet Christopher Eberle downgraded MongoDB (MDB) to Reduce from Neutral while raising his price target for the shares to $63 from $43. The stock closed yesterday at $78.86. The company's current market value reflects "extreme valuation," Eberle tells investors in a research note. MongoDB has a "compelling" multi-year, if not multi-decade, opportunity, but it faces "intense competition and deep-pocketed incumbency that won't die easily," the analyst contends. He points out that in the last year alone, Microsoft's (MSFT) Cosmos DB grew from zero to $100M revenue. Eberle believes the current market price of MongoDB assumes no risks.

MDB

MongoDB

$78.86

-2.65 (-3.25%)

MSFT

Microsoft

$115.60

1.11 (0.97%)

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MDB MongoDB
$78.86

-2.65 (-3.25%)

09/11/18
SBSH
09/11/18
NO CHANGE
Target $86
SBSH
Buy
MongoDB target raised to $86 after Q2 results at Citi
Citi analyst Tyler Radke raised his price target for MongoDB to $86 following the company's Q2 results and presentation at his firm's conference. The analyst sees a higher multiple as justified given MongoDB's "accelerating" growth, although he notes his new valuation methodology is most aggressive among the names he covers. Radke keeps a Neutral rating on the shares.
09/12/18
BTIG
09/12/18
INITIATION
BTIG
Neutral
MongoDB initiated with a Neutral at BTIG
09/17/18
LEHM
09/17/18
NO CHANGE
Target $105
LEHM
Overweight
MongoDB price target raised to $105 from $79 at Barclays
Barclays analyst Raimo Lenschow raised his price target for MongoDB to $105 after basing his valuation on a long-term model. MongoDB looks well positioned as the leading vendor in the NoSQL market, which is estimated to grow at more than 30% annually through 2023, Lenschow tells investors in a research note. The analyst keeps an Overweight rating on the shares.
10/02/18
NOMU
10/02/18
DOWNGRADE
NOMU
Reduce
MongoDB downgraded to Reduce from Neutral at Nomura Instinet
MSFT Microsoft
$115.60

1.11 (0.97%)

09/24/18
KEYB
09/24/18
NO CHANGE
Target $123
KEYB
Overweight
Microsoft demand appears robust ahead of Ignite user event, says KeyBanc
KeyBanc analyst Brent Bracelin reiterates an Overweight rating and $123 price target on Microsoft shares on a multi-year model transformation driven by fast-growing cloud and Internet segments that he estimates could top $70B in revenue by CY20 versus $18.5B in CY16. The analyst adds that demand appears robust based on proprietary Key First Look Data ahead of Microsoft's annual Ignite user event. Bracelin expects enterprise cloud assets including Azure, Dynamics 365, and LinkedIn to headline the event.
09/24/18
09/24/18
DOWNGRADE

Negative
Nutanix downgraded to Negative from Neutral at Susquehanna
As previously reported, Susquehanna analyst Mehdi Hosseini downgraded Nutanix to Negative from Neutral and reduced his price target on shares to $33 from $55. The analyst believes Nutanix's OEM relationships are likely to become "less impactful over time," and also cited increasing competition as a headwind. Hosseini specifically said not to count out Microsoft (MSFT), noted that VMware (VMW) continues to add new features for vSAN while tightening integration with AWS, and expects an IPO from Dell in the coming months.
09/27/18
OPCO
09/27/18
NO CHANGE
Target $127
OPCO
Outperform
Microsoft to drive digital transformations through hybrid cloud,says Oppenheimer
After attending Microsoft Ignite, Oppenheimer anakyst Timothy Horan says adoption of hybrid cloud is accelerating, enabling three areas of growth with enterprises, namely upgrading legacy IT, adoption of cloud Infrastructure as a Service through Azure, and new services. The company had hundreds of announcements including a new cloud service and a virtual desktop, which highlights its optimism on its networking/cloud capabilities, he contends. Horan reiterates an Outperform rating and $127 price target on the shares.
09/27/18
JMPS
09/27/18
NO CHANGE
JMPS
JMP says battle lines drawn with Salesforce on one side, Microsoft on other
After attending Salesforce's (CRM) analyst day hosted in conjunction with the Dreamforce user conference, Patrick Walravens noted that the event "happens to coincide" with Microsoft's (MSFT) Ignite conference in Orlando. He said the most interesting new development in the competitive landscape is the way the "battle lines are being drawn" between Salesforce, Google (GOOGL) and Amazon (AMZN), which announced new strategic relationships this week, and Microsoft, SAP (SAP) and Adobe (ADBE), who announced the Open Data Initiative on September 24, on the other side. In terms of product highlights from Dreamforce, Chief Product Officer Bret Taylor highlighted Customer 360 and Einstein Voice, said Walravens, who keeps an Outperform rating and $178 price target on Salesforce shares.

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