Barclays has decided to maintain its Overweight rating of MongoDB (NASDAQ:MDB) and lower its price target from $410.00 to $330.00.
Shares of MongoDB are trading up 1.26% over the last 24 hours, at $248.41 per share.
A move to $330.00 would account for a 32.84% increase from the current share price.
About MongoDB
Founded in 2007, MongoDB is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. MongoDB provides both licenses as well as subscriptions as a service for its NoSQL database. MongoDB's database is compatible with all major programming languages and is capable of being deployed for a variety of use cases.
About Analyst Ratings
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
