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, 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.
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