BofA analyst Brad Sills initiated coverage of MongoDB (MDB) with a Buy rating and $450 price target. MongoDB is a “best-of-breed” next generation database vendor “well positioned” in the rapidly growing NoSQL unstructured database market, the analyst tells investors. The firm sees MongoDB being positioned to capture share from market leaders, such as Amazon’s (AMZN) Dynamo DB and Microsoft’s (MSFT) MSSQL and Cosmos DB, the analyst added.
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