MongoDB (MDB) Stock: $362 Price Target And Buy Rating

By Amit Chowdhry ● Mar 16, 2022
  • The shares of MongoDB Inc (NASDAQ: MDB) have received a $362 price target from Needham. These are the details.

The shares of MongoDB Inc (NASDAQ: MDB) have received a $362 price target from Needham. These are the details. And Needham analyst Mike Cikos is maintaining a “Buy” rating on the shares.

Cikos adjusted the rating following the recent fourth quarter results. And Cikos remains positive on the company and its strength in Atlas, which reflects innovations in the platform, investments in Sales and Marketing, and its large total addressable market.

Plus Cikos pointed out that MongoDB is also not seeing a slowdown in customer usage during the first quarter.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.