MongoDB price target lowered to $252 from $332 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on MongoDB (MDB) to $252 from $332 and keeps an Overweight rating on the shares. Software has underperformed year-to-date, with the IGV software benchmark down 10%, the analyst tells investors in a research note. The firm lowered its price target given the sharp pullback in software.