MongoDB Sees Price Target Boosted by Royal Bank Of Canada

Royal Bank Of Canada has increased its price target for MongoDB (NASDAQ:MDB) to $515.00, a potential upside of 12.82% from the stock's previous close.

This is not the only analyst firm to boost their expectations for MongoDB; Citigroup raised its target price on the company to $545.00 and gave it a 'buy' rating in a recent research report.

MongoDB has seen significant growth over the past year, with revenue up 25.2% from the same period last year, according to the company's quarterly earnings results released on May 28th.