Analysts Offer Insights on Technology Companies: MongoDB (MDB) and Synopsys (SNPS)
Companies in the Technology sector have received a lot of coverage today as analysts weigh in on MongoDB (MDB – Research Report) and Synopsys (SNPS – Research Report).
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MongoDB (MDB)
BMO Capital analyst Keith Bachman maintained a Buy rating on MongoDB yesterday and set a price target of $400.00. The company’s shares closed last Wednesday at $314.99.
According to TipRanks.com, Bachman is a 3-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for MongoDB with a $455.73 average price target, implying a 46.4% upside from current levels. In a report issued on February 11, TipRanks – xAI also upgraded the stock to Buy with a $402.00 price target.
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Synopsys (SNPS)
In a report released today, Clarke Jeffries from Piper Sandler maintained a Hold rating on Synopsys, with a price target of $430.00. The company’s shares closed last Wednesday at $449.17, close to its 52-week low of $425.73.
According to TipRanks.com, Jeffries is a 1-star analyst with an average return of
Synopsys has an analyst consensus of Moderate Buy, with a price target consensus of $544.62, representing a 22.7% upside. In a report issued on February 20, HSBC also downgraded the stock to Hold with a $455.00 price target.
