MongoDB (MDB) Gets a Buy Rating from Barclays

In a report issued on February 21, Raimo Lenschow from Barclays maintained a Buy rating on MongoDB (MDBResearch Report), with a price target of $190.00. The company’s shares closed last Monday at $164.90.

According to TipRanks.com, Lenschow is a top 25 analyst with an average return of 20.6% and a 74.9% success rate. Lenschow covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Ceridian HCM Holding, and Slack Technologies.

Currently, the analyst consensus on MongoDB is a Moderate Buy with an average price target of $171.00.

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Based on MongoDB’s latest earnings release for the quarter ending October 31, the company reported a quarterly GAAP net loss of $42.38 million. In comparison, last year the company had a GAAP net loss of $22.19 million.

Based on the recent corporate insider activity of 109 insiders, corporate insider sentiment is neutral on the stock.

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MongoDB, Inc. engages in the development and provision of a general purpose database platform. Its products include MongoDB Enterprise Advanced, MongoDB Atlas, and Community Server. It also offers professional services including consulting and training.