MongoDB, Inc. (NASDAQ:MDB) shares traded higher Wednesday. Tigress Financial raised its price target significantly and several analysts have maintained positive ratings over the last week.
What Happened: Tigress Financial analyst Ivan Feinseth maintained a Buy rating and raised the price target from $365 to $490 on Wednesday. Feinseth's price target change follows several others over the last week.
On Monday, Capital One analyst Connor Murphy initiated coverage on MongoDB with an Equal-Weight rating and announced a price target of $396 and Barclays analyst Raimo Lenschow maintained the company with an Overweight rating and raised the price target from $374 to $421.
Last Friday, six analysts issued price targets for the company.
- Piper Sandler analyst Brent Bracelin reiterated MongoDB with an Overweight and maintained the $400 price target.
- Needham analyst Mike Cikos reiterated MongoDB with a Buy and maintained the $430 price target.
- Wedbush analyst Taz Koujalgi reiterated MongoDB with an Outperform and maintained the $410 price target.
- RBC Capital analyst Rishi Jaluria maintained MongoDB with an Outperform and raised the price target from $400 to $445.
- Morgan Stanley analyst Sanjit Singh maintained MongoDB with an Overweight and raised the price target from $270 to $440.
- Truist Securities analyst Miller Jump maintained MongoDB with a Buy and raised the price target from $365 to $420.
The analyst updates came on the heels of several new product launches last week.
Related Link: Why Manchester United Stock Is Trading Higher Today
MDB Price Action: Shares of MDB closed Wednesday up 2.49% at $398.02, according to Benzinga Pro.
Image by Christopher Kuszajewski from Pixabay
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
