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
€178.22
-0.130%
The stock is one of the favorites of our community with 75 Buy predictions and 1 Sell predictions.
With a target price of 304 € there is a hugely positive potential of 70.58% for MongoDB Inc. compared to the current price of 178.22 €.
