MongoDB (MDB) Tops Q3 EPS by 13c, Revenues Beat; Offers 4Q & FY21 EPS/Revenue Guidance Above Consensus
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Go back to MongoDB (MDB) Tops Q3 EPS by 13c, Revenues Beat; Offers 4Q & FY21 EPS/Revenue Guidance Above Consensus
December 7, 2020 7:39 AM EST
Needham & Company analyst Jack Andrews reiterated a Buy rating and $290.00 price target on MongoDB (NASDAQ: MDB) after the most recent checks showed strong developer activity.
Developer interest in MongoDB, which operates a cross-platform document-oriented database program, has cooled down moderately from record levels. Still, the activity and interest shows continued strength, writes Andrews in todays note sent to clients.
In their most recent check-in on the sector, analysts from Needham scraped StackOverflow - one of the most popular websites for developers - to build a proprietary database of activity.
Although growth... More
December 7, 2020 6:32 AM EST
Morgan Stanley analyst Sanjit Singh raised the price target on MongoDB (NASDAQ: MDB) to $295.00 (from $270.00) noting that the setup looks increasingly attractive due to an improving demand environment backed up by positive channel commentary and an expanded solution set.
The analyst maintained an... More
December 7, 2020 6:31 AM EST
Morgan Stanley analyst Sanjit Singh raised the price target on MongoDB (NASDAQ: MDB) to $295.00 (from $270.00) while maintaining a Equalweight rating.... More
