MongoDB Stock (MDB): $556 Price Target From Barclays

By Amit Chowdhry ● Jan 17, 2022
  • The shares of MongoDB Inc (NASDAQ: MDB) have received a $556 price target from Barclays. These are the details.

The shares of MongoDB Inc (NASDAQ: MDB) have received a $556 price target from Barclays. And Barclays analyst Raimo Lenschow reduced the price target on MongoDB from $590 while maintaining an “Overweight” rating on the shares. 

Lenschow pointed out that the main question for software investors this year is not around end-demand as there are no issues there. However, the correct valuation level for the space is the main question.

Lenschow questions whether we are going back to the long-term average or whether software should bounce back to the more recent highs due to the exciting structural growth profile. For now, Lenschow is more in the long-term average camp. 

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