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Argus Research has decided to maintain its Buy rating of MongoDB MDB and raise its price target from $435.00 to $484.00.
Shares of MongoDB are trading up 0.16% over the last 24 hours, at $393.51 per share.
A move to $484.00 would account for a 23.0% increase from the current share price.
Founded in 2007, MongoDB is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. MongoDB provides both licenses as well as subscriptions as a service for its NoSQL database. MongoDB’s database is compatible with all major programming languages and is capable of being deployed for a variety of use cases.
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This article was generated by Benzinga’s automated content engine and reviewed by an editor.