MongoDB (MDB) Stock Given $330 Price Target From Barclays

By Amit Chowdhry ● May 21, 2022
  • The shares of MongoDB (NASDAQ: MDB) have received a $330 price target from Barclays. These are the details.

The shares of MongoDB (NASDAQ: MDB) have received a $330 price target from Barclays. And Barclays analyst Raimo Lenschow maintains an “Overweight” rating on the shares.

Lenschow noted that Barclays’ software reseller survey results show that demand trends and expectations took a step back from the prior quarter. Plus he likes Intuit, Splunk, and Workday for the off-cycle first-quarter earnings cycle.

MongoDB recently announced it will report its first-quarter fiscal year 2023 financial results for the three months ended March 31, 2022, after the U.S. financial markets close on Wednesday, June 1, 2022.

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