Is MongoDB Stock a Buy Now?
Shares of database company (NASDAQ: MDB) were once a highflier, exceeding $500 earlier this year. But that changed after the company announced results for its fiscal first quarter, ended April 30.
Management noted a slowdown in revenue growth and reduced its guidance for the current fiscal year. MongoDB stock promptly plunged, eventually reaching a 52-week low of $212.74 in August.
But on Aug. 29, the company reported results for its fiscal second quarter, ended July 31, and after that, shares began climbing.
Source Fool.com
MongoDB Inc. Stock
€261.10
-0.270%
With 48 Buy predictions and 2 Sell predictions MongoDB Inc. is one of the favorites of our community.
As a result the target price of 321 € shows a positive potential of 22.94% compared to the current price of 261.1 € for MongoDB Inc..
