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MongoDB price target lowered to $205 from $330 at Baird

Baird analyst William Power lowered the firm’s price target on MongoDB to $205 from $330 and keeps an Outperform rating on the shares. The analyst said he expects solid FQ3 results, though the principal focus will be FQ4 guidance and the potential for growing macro impacts. He said his lowered target is to reflect recent industry multiple compression.

Published first on TheFly

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