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Analysts Offer Insights on Technology Companies: Garmin (GRMN), Parsons (PSN) and MongoDB (MDB)

Tipranks - Tipranks - Sat Jan 17, 3:12AM CST

Analysts have been eager to weigh in on the Technology sector with new ratings on Garmin (GRMN – Research Report), Parsons (PSN – Research Report) and MongoDB (MDB – Research Report).

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Garmin (GRMN)

Garmin received a Hold rating and a $217.00 price target from Barclays analyst Tim Long today. The company’s shares closed last Thursday at $212.60.

According to TipRanks.com, Long is a 5-star analyst with an average return of 15.3% and a 62.1% success rate. Long covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and TD SYNNEX Corporation. ;'>

Currently, the analyst consensus on Garmin is a Hold with an average price target of $231.40, a 9.2% upside from current levels. In a report issued on January 7, J.P. Morgan also maintained a Hold rating on the stock.

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Parsons (PSN)

Barclays analyst Adam Seiden maintained a Buy rating on Parsons today and set a price target of $70.00. The company’s shares closed last Thursday at $72.22.

According to TipRanks.com, Seiden is a 5-star analyst with an average return of 11.9% and a 63.9% success rate. Seiden covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Legence Corp. Class A, and Manitowoc Company. ;'>

Currently, the analyst consensus on Parsons is a Moderate Buy with an average price target of $83.91, implying a 19.5% upside from current levels. In a report released yesterday, TipRanks – Anthropic also upgraded the stock to Buy with a $76.00 price target.

MongoDB (MDB)

In a report released today, Raimo Lenschow from Barclays maintained a Buy rating on MongoDB, with a price target of $480.00. The company’s shares closed last Thursday at $389.20.

According to TipRanks.com, Lenschow is a 4-star analyst with an average return of 6.1% and a 50.4% success rate. Lenschow covers the Technology sector, focusing on stocks such as The Descartes Systems Group, ZoomInfo Technologies, and DigitalOcean Holdings. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for MongoDB with a $468.85 average price target, representing a 20.7% upside. In a report issued on January 5, RBC Capital also maintained a Buy rating on the stock with a $500.00 price target.

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