MongoDB (MDB) Stock Price: $375 Target And Outperform Rating

By Amit Chowdhry ● Jun 17, 2022
  • The shares of MongoDB Inc (NASDAQ: MDB) have received a $375 price target from RBC Capital. These are the details.

The shares of MongoDB Inc (NASDAQ: MDB) have received a $375 price target from RBC Capital. And RBC Capital analyst Rishi Jaluria increased the price target on MongoDB from $325 while maintaining an “Outperform” rating on the shares.

Jaluria adjusted the rating following the company’s recent MongoDB World presentation. And Jaluria said that the company’s focus was on new products and strategy and the main takeaway was that its product innovation cadence continues to impress while helping capture more workloads. 

Plus Jaluria explained that the relational vs. NoSQL argument is increasingly a moot point given the sheer size of the market, customer preferences, and fragmentation of use cases. But Jaluria would expect growth in the NoSQL category to continue to outpace relational database structures. 

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