Analysts Are Bullish on Top Technology Stocks: MongoDB (MDB), Datadog (DDOG)

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There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on MongoDB (MDBResearch Report), Datadog (DDOGResearch Report) and Lyft (LYFTResearch Report) with bullish sentiments.

MongoDB (MDB)

In a report released today, Bradley Sills from Bank of America Securities maintained a Buy rating on MongoDB. The company’s shares closed last Monday at $225.22, close to its 52-week low of $222.78.

According to TipRanks.com, Sills is a 3-star analyst with an average return of 1.2% and a 45.3% success rate. Sills covers the Technology sector, focusing on stocks such as AvidXchange Holdings, Bill.com Holdings, and ServiceNow.

Currently, the analyst consensus on MongoDB is a Strong Buy with an average price target of $348.91, a 53.7% upside from current levels. In a report issued on May 31, JMP Securities also maintained a Buy rating on the stock with a $380.00 price target.

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Datadog (DDOG)

In a report released today, Koji Ikeda from Bank of America Securities maintained a Buy rating on Datadog. The company’s shares closed last Monday at $109.47.

According to TipRanks.com, Ikeda is a 5-star analyst with an average return of 14.1% and a 56.6% success rate. Ikeda covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, ZoomInfo Technologies, and BigCommerce Holdings.

Currently, the analyst consensus on Datadog is a Strong Buy with an average price target of $147.41.

Lyft (LYFT)

In a report released today, Mike McGovern from Bank of America Securities maintained a Buy rating on Lyft, with a price target of $20.00. The company’s shares closed last Monday at $15.36.

According to TipRanks.com, McGovern is ranked #4374 out of 8883 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lyft with a $19.48 average price target, representing a 24.9% upside. In a report issued on June 7, Loop Capital Markets also upgraded the stock to Buy with a $20.00 price target.

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