Analysts Bullish on Salesforce and MongoDB Despite Moderate Price Targets
Analysts have expressed optimism about two tech companies: Salesforce (CRM) and MongoDB (MDB). In separate reports, Terry Tillman from Truist Financial and Miller Jump also from Truist Financial reiterated their Buy ratings on both stocks. Tillman maintained his Buy rating for Salesforce with a Moderate Buy analyst consensus rating, suggesting a 5.2% upside from current levels. The average price target is $268.26.
Tillman's report stated that CRM shares closed last Tuesday at $258.11. He has an average return of -2.1% and a 46.1% success rate, covering the Technology sector with stocks like Zeta Global Holdings Corp and Manhattan Associates. Meanwhile, Cantor Fitzgerald also maintained a Buy rating on Salesforce with a price target of $250.00.
MongoDB (MDB) shares closed last Tuesday at $434.21, according to Jump's report. He reiterated his Buy rating on the stock with a Strong Buy analyst consensus rating and an 8.2% upside from current levels. The average price target is $479.32. Evercore ISI also initiated coverage with a Buy rating and a price target of $525.00.