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Wajeeh Khan

What to Know as Guggenheim Ups Its Price Target on MongoDB Stock

MongoDB Guggenheim MDB

MongoDB (MDB) shares have nearly doubled since early April, but a senior Guggenheim analyst, Howard Ma, believes the rally is not at all out of steam just yet. In a research note this morning, Ma maintained a “Buy” rating on MDB and raised his price objective rather aggressively to $560, indicating potential for another 30% upside from current levels.

Note that MongoDB stock is currently exchanging hands at about $440, up significantly from $400 at the start of this year.

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