Why MongoDB Stock Is Climbing Today

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Shares of MongoDB Inc. (NASDAQ: MDB) were rising this afternoon even after an analyst lowered his price target for the tech stock today. 

MongoDB’s shares were up 4% as of 3:16 p.m. EDT.

Citi analyst Tyler Radke lowered his price target for MongoDB’s stock to $445 today, down from his previous price target of $500, but Radke maintained his buy rating for the company’s stock.

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