Barclays Raises Mongodb (MDB) Price Target to $47.00

Mongodb (NASDAQ:MDB) had its target price lifted by Barclays from $45.00 to $47.00 in a report released on Thursday, Marketbeat reports. Barclays currently has an overweight rating on the stock.

Several other equities analysts have also recently commented on MDB. Canaccord Genuity reissued a buy rating and set a $45.00 target price (up previously from $35.00) on shares of Mongodb in a research note on Wednesday, March 14th. ValuEngine raised shares of Mongodb from a sell rating to a hold rating in a research note on Thursday, February 8th. Zacks Investment Research cut shares of Mongodb from a buy rating to a hold rating in a research note on Wednesday, January 17th. Stifel Nicolaus lifted their price objective on shares of Mongodb from $34.00 to $43.00 and gave the stock a buy rating in a research note on Wednesday, March 14th. Finally, Morgan Stanley reaffirmed an equal weight rating and issued a $35.00 price objective (up previously from $32.00) on shares of Mongodb in a research note on Wednesday, March 14th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $37.78.

Shares of NASDAQ:MDB opened at $40.77 on Thursday. Mongodb has a fifty-two week low of $24.62 and a fifty-two week high of $46.26.

Mongodb (NASDAQ:MDB) last issued its quarterly earnings data on Tuesday, March 13th. The company reported ($0.40) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.43) by $0.03. The firm had revenue of $45.00 million during the quarter, compared to the consensus estimate of $42.60 million. The company’s revenue was up 50.5% on a year-over-year basis. sell-side analysts expect that Mongodb will post -1.63 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Thompson Davis & CO. Inc. acquired a new stake in shares of Mongodb during the fourth quarter worth approximately $103,000. Brighton Jones LLC acquired a new stake in shares of Mongodb during the fourth quarter worth approximately $214,000. Wolverine Trading LLC acquired a new stake in shares of Mongodb during the fourth quarter worth approximately $295,000. Bamco Inc. NY acquired a new stake in shares of Mongodb during the fourth quarter worth approximately $297,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Mongodb during the fourth quarter worth approximately $445,000. Institutional investors own 26.81% of the company’s stock.

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Mongodb Company Profile

MongoDB, Inc is a modern, 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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