Analysts Offer Insights on Technology Companies: MongoDB (MDB) and Credo Technology Group Holding Ltd (CRDO) - The Globe and Mail
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There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on MongoDB (MDB) and Credo Technology Group Holding Ltd (CRDO) with bullish sentiments. MongoDB (MDB)In a report released today, Thomas Blakey from Cantor Fitzgerald reiterated a Buy rating on MongoDB, with a price target of $540.00. The company’s shares closed last Thursday at $351.73, close to its 52-week high of $387.19. According to TipRanks.com, Blakey is a 4-star analyst with an average return of 9.0% and a 53.1% success rate. Blakey covers the Technology sector, focusing on stocks such as SoundHound AI, Inc Class A, Huckleberryai Inc Class B, and Zoom Communications Inc. ;'>The word on The Street in general, suggests a Strong Buy analyst consensus rating for MongoDB with a $467.63 average price target, representing a 32.7% upside. In a report issued on September 25, TipRanks – Anthropic also upgraded the stock to Buy with a $473.00 price target. See today’s best-performing stocks on TipRanks >>Credo Technology Group Holding Ltd (CRDO)In a report released today, Sean O’Loughlin from TD Cowen reiterated a Buy rating on Credo Technology Group Holding Ltd, with a price target of $300.00.
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There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Synopsys (SNPS), MongoDB (MDB) and Jabil (JBL) with bullish sentiments. Synopsys (SNPS)In a report released today, Gianmarco Conti from Deutsche Bank maintained a Buy rating on Synopsys, with a price target of $640.00. The company’s shares closed last Wednesday at $434.94, close to its 52-week low of $425.73. According to TipRanks.com, Conti is a 2-star analyst with an average return of 2.1% and a 57.6% success rate. Conti covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Lumentum Holdings, and Dell Technologies. ;'>The word on The Street in general, suggests a Strong Buy analyst consensus rating for Synopsys with a $582.11 average price target, which is a 38.2% upside from current levels. In a report issued on September 25, HSBC also upgraded the stock to Buy with a $700.00 price target. See today’s best-performing stocks on TipRanks >>MongoDB (MDB)Monness analyst Brian White maintained a Buy rating on MongoDB today and set a price target of $500.00. The company’s shares closed last Wednesday at $348.61.
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