Citi raised the firm’s price target on MongoDB (MDB) to $405 from $395 and keeps a Buy rating on the shares. Citi also added a “90-day positive catalyst watch” on MongoDB. The firm expects the company to be more of an artificial intelligence winner than investors expect. It also sees catalysts for the shares with the upcoming earnings report and management presentations thereafter.
Claim 30% Off TipRanks
New trading tool for MDB bullsPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MDB:
- DA Davidson technology analysts hold an analyst/industry conference call
- Oklo, BHP, MongoDB, Nike, Take-Two: Trending by Analysts
- DA Davidson tech analysts hold an analyst/industry conference call
- Nike upgraded, Coinbase downgraded: Wall Street’s top analyst calls
- Unusually active option classes on open July 28th