MongoDB price target lowered to $252 from $280 at Barclays

Barclays lowered the firm’s price target on MongoDB (MDB) to $252 from $280 and keeps an Overweight rating on the shares as part of a Q1 earnings preview. The firm thinks off-cycle software results will mirror the on-cycle names with solid Q1 numbers but cautious guidance. The share price moves “will all be about positioning,” the analyst tells investors in a research note. Barclays likes “out-of-favor names” like Salesforce (CRM) or Workday (WDAY) and says Intuit (INTU) “also looks interesting.”