Why MongoDB Was a Dog of a Stock on Friday
Database company (NASDAQ: MDB) didn't end the week well, with its stock declining by 5% on a Friday when the S 500 index basically traded sideways. Moves by two analysts sent some investors heading for the exit.
The first of the two was actually a price-target raise on MongoDB stock. This trigger was pulled by Citigroup's Tyler Radke, who upped his level considerably; it's now $363 per share from the previous $290. Almost needless to say, Radke continued to rate the shares a buy.
There was a major caveat, though. The analyst placed MongoDB stock on a downside, 30-day catalyst watch, noting that it has several vulnerabilities.
Source Fool.com
MongoDB Inc. Stock
€254.35
-2.530%
With 48 Buy predictions and 2 Sell predictions MongoDB Inc. is one of the favorites of our community.
As a result the target price of 321 € shows a positive potential of 26.2% compared to the current price of 254.35 € for MongoDB Inc..
