Morgan Stanley lowered the firm’s price target on MongoDB (MDB) to $335 from $440 and keeps an Overweight rating on the shares. Following Q4 results, the firm is leaving its revenue estimates largely unchanged, but has more gradual expectations on margin expansion and applies a lower valuation multiple on slightly reduced out year free cash flow estimates, the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MDB:
- MongoDB: Positioned for AI-Driven Growth and Long-Term Upside in Underpenetrated Markets
- MongoDB Earnings Call: Strong Beat, Slower Growth Ahead
- CrowdStrike, Netflix, Block, BNS, MongoDB Trending With Analysts
- Midday Fly By: Stocks tumble as oil prices climb again
- Meta downgraded, MongoDB upgraded: Wall Street’s top analyst calls