Canaccord Genuity Group Begins Coverage on MongoDB (NASDAQ:MDB)

Investment analysts at Canaccord Genuity Group assumed coverage on shares of MongoDB (NASDAQ:MDB) in a research note issued to investors on Wednesday, November 15th. The brokerage set a “buy” rating and a $35.00 price target on the stock. Canaccord Genuity Group’s target price points to a potential upside of 25.90% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. Needham & Company LLC initiated coverage on shares of MongoDB in a research report on Monday, October 23rd. They set a “hold” rating on the stock. Barclays initiated coverage on shares of MongoDB in a research report on Monday, November 13th. They set an “overweight” rating and a $38.00 price objective on the stock. Goldman Sachs Group initiated coverage on shares of MongoDB in a research report on Monday, November 13th. They set a “neutral” rating and a $30.00 price objective on the stock. JMP Securities initiated coverage on shares of MongoDB in a research report on Monday, November 13th. They issued a “market perform” rating on the stock. Finally, Canaccord Genuity initiated coverage on shares of MongoDB in a research report on Monday, November 13th. They issued a “buy” rating and a $35.00 price target on the stock. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. MongoDB currently has an average rating of “Buy” and an average price target of $33.83.

Shares of MongoDB (NASDAQ MDB) opened at $27.80 on Wednesday. MongoDB has a one year low of $27.52 and a one year high of $34.00.

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MongoDB Company Profile

MongoDB, Inc offers MongoDB, a general purpose database platform. Its platform is designed to run applications at scale across a broad range of use cases in the cloud, on-premise or in a hybrid environment. Its primary subscription package is MongoDB Enterprise Advanced, which includes its proprietary database server, security, enterprise management capabilities, its graphical user interface, analytics integrations and technical support.

Analyst Recommendations for MongoDB (NASDAQ:MDB)

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