MongoDB (MDB) Stock: $700 Price Target From Credit Suisse

By Amit Chowdhry ● Nov 28, 2021
  • The shares of MongoDB Inc (NASDAQ: MDB) have received a $700 price target from Credit Suisse. These are the details.

The shares of MongoDB Inc (NASDAQ: MDB) – the leading modern and  general-purpose database platform – have received a $700 price target from Credit Suisse. These are the details.

The shares of MongoDB Inc (NASDAQ: MDB) have received a $700 price target from Credit Suisse. And Credit Suisse analyst Phil Winslow initiated coverage of MongoDB with an “Outperform” rating and $700 price target. 

Winslow noted that as developers continue to move away from tabular models to document models and multi-model databases, Winslow is expecting MongoDB to garner the lion’s share of the growth in this rapidly growing market.

MongoDB will be reporting its third quarter fiscal year 2022 financial results for the 3 months ended October 31, 2021 after the U.S. financial markets close on Monday, December 6, 2021.

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