
MongoDB (NASDAQ:MDB) Hits New 12-Month High - Still a Buy?

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MongoDB (NASDAQ:MDB) reached a new 52-week high, trading as high as $437.31. Analysts have raised price targets, with Wedbush, Macquarie, Stifel Nicolaus, Citizens Jmp, and Morgan Stanley all increasing their targets. The stock has a consensus rating of "Moderate Buy" with an average target price of $414.97. MongoDB reported strong quarterly earnings, beating estimates with $1.32 EPS and $628.31 million in revenue. Insider trading activity included sales by Director Hope F. Cochran and CAO Thomas Bull. Institutional investors like Vanguard and ValueAct Holdings have increased their stakes in MongoDB.
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