MongoDB (MDB) PT Raised to $90 at Monness, Crespi, Hardt
Monness, Crespi, Hardt analyst Brian White raised the price target on MongoDB (NASDAQ: MDB) to $90.00 (from $60.00) while maintaining a Buy rating.
White commented, "MongoDB reported excellent 2Q:FY19 results and raised its FY:19 revenue outlook. We are boosting our estimates to reflect revenue growth this year (i.e., up 48%) that is the fastest in our coverage universe and increasing our price target to $90 (from $60)."