Baird raised the firm’s price target on MongoDB (MDB) to $500 from $335 and keeps an Outperform rating on the shares. The firm updated its model following its quarterly results which points to significant profitability upside.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MDB:
- Morning Movers: United Natural Foods moves higher after results
- MongoDB’s Strong Q3 Performance and Growth Potential Leads to Raised Price Target
- Video: Credo, MongoDB jump after earnings
- MongoDB price target raised to $465 from $415 at DA Davidson
- MongoDB price target raised to $450 from $385 at Oppenheimer