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Analysts Have Conflicting Sentiments on These Technology Companies: Meta Platforms (FB), Veeva Systems (VEEV) and MongoDB (MDB)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Meta Platforms (FBResearch Report), Veeva Systems (VEEVResearch Report) and MongoDB (MDBResearch Report).

Meta Platforms (FB)

JMP Securities analyst Andrew Boone maintained a Buy rating on Meta Platforms today and set a price target of $265.00. The company’s shares closed last Wednesday at $188.64, close to its 52-week low of $169.00.

According to TipRanks.com, Boone ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -18.3% and a 24.3% success rate. Boone covers the Technology sector, focusing on stocks such as DoubleVerify Holdings, Zillow Group Class A, and Fiverr International.

Meta Platforms has an analyst consensus of Moderate Buy, with a price target consensus of $278.00, implying a 41.5% upside from current levels. In a report issued on May 18, Guggenheim also maintained a Buy rating on the stock with a $250.00 price target.

See today’s best-performing stocks on TipRanks >>

Veeva Systems (VEEV)

In a report released today, Joe Goodwin from JMP Securities maintained a Buy rating on Veeva Systems, with a price target of $240.00. The company’s shares closed last Wednesday at $167.84, close to its 52-week low of $152.04.

According to TipRanks.com, Goodwin ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -17.9% and a 21.2% success rate. Goodwin covers the Technology sector, focusing on stocks such as Consensus Cloud Solutions, Duck Creek Technologies, and Tyler Technologies.

Veeva Systems has an analyst consensus of Moderate Buy, with a price target consensus of $237.00, a 36.8% upside from current levels. In a report issued on May 24, RBC Capital also maintained a Buy rating on the stock with a $250.00 price target.

MongoDB (MDB)

JMP Securities analyst Patrick Walravens maintained a Hold rating on MongoDB today. The company’s shares closed last Wednesday at $241.81, close to its 52-week low of $213.39.

According to TipRanks.com, Walravens is a 4-star analyst with an average return of 7.8% and a 47.8% success rate. Walravens covers the Technology sector, focusing on stocks such as Zoom Video Communications, Qualtrics International, and ZoomInfo Technologies.

Currently, the analyst consensus on MongoDB is a Strong Buy with an average price target of $415.00, implying a 71.6% upside from current levels. In a report issued on May 18, Mizuho Securities also maintained a Hold rating on the stock with a $270.00 price target.

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