MongoDB Stock Has 34% Upside, According to 1 Wall Street Analyst
MongoDB (NASDAQ: MDB) is due to report fourth-quarter earnings after close of trading on Thursday -- and Wall Street is nervous. Analysts following the database are expecting strong sales growth for the quarter -- more than 20% -- but a steep falloff in earnings, which could plunge 17% to $0.47 per share.
Or perhaps I should say most analysts are nervous.
On Wednesday morning, before earnings even come out, Citigroup analyst Tyler Radke decided to double down on his "buy" rating on MongoDB stock -- and raise his target price to $550 per share, implying 34% upside in MongoDB stock.
Source Fool.com
MongoDB Inc. Stock
€233.30
3.900%
The stock is one of the favorites of our community with 40 Buy predictions and 2 Sell predictions.
With a target price of 409 € there is a hugely positive potential of 75.31% for MongoDB Inc. compared to the current price of 233.3 €.
