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Barclays boosts MongoDB's price target to $270, rating it 'overweight' after strong Q2 earnings.
Barclays raised MongoDB's price target to $270.00 from $252.00, rating it 'overweight.'
MongoDB reported Q2 earnings of $1.00 EPS, beating estimates by $0.35, with revenue at $549.01 million, up 21.8% year-over-year.
Despite a negative net margin of 10.46% and a price-to-earnings ratio of -80.34, the stock has a consensus rating of 'Moderate Buy' with an average target price of $282.47.
The company's market cap is $17.87 billion.
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Barclays eleva el precio objetivo de MongoDB a $ 270, calificándolo de "sobrepeso" después de fuertes ganancias del segundo trimestre.