2023-05-19 17:41:00 ET
Database company MongoDB (NASDAQ: MDB) didn't end the week well, with its stock declining by 5% on a Friday when the S&P 500 index basically traded sideways. Moves by two analysts sent some investors heading for the exit.
The first of the two was actually a price-target raise on MongoDB stock. This trigger was pulled by Citigroup 's Tyler Radke, who upped his level considerably; it's now $363 per share from the previous $290. Almost needless to say, Radke continued to rate the shares a buy.
There was a major caveat, though. The analyst placed MongoDB stock on a downside, 30-day catalyst watch, noting that it has several vulnerabilities.
For further details see:
Why MongoDB Was a Dog of a Stock on Friday