Scotiabank analyst Patrick Colville lowered the firm’s price target on MongoDB (MDB) to $160 from $240 and keeps a Sector Perform rating on the shares. While the company has many positive attributes, the firm does not think investors should rush back into MongoDB, the analyst tells investors.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MDB: