What's Up With MongoDB Shares Lately? - MongoDB (NASDAQ:MDB)

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.

MDB Price Action: Shares of MDB closed Wednesday up 2.49% at $398.02, according to Benzinga Pro.

Image by Christopher Kuszajewski from Pixabay

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