MongoDB Defies Doubters With Strong Q2 Performance
Database software expert (NASDAQ: MDB) reported earnings on Thursday, and the results left analyst expectations far behind. The stock soared more than 18% higher shortly after Friday's opening bell.
In most cases, that would be a simple story. Surprising financial strength leads to a triumphant stock jump. The end. But it's more complicated for MongoDB, whose big jump didn't come close to making up for recent drops.
This uncomfortable situation raises a few questions:
Source Fool.com
MongoDB Inc. Stock
€190.18
-0.640%
With 75 Buy predictions and 1 Sell predictions MongoDB Inc. is one of the favorites of our community.
As a result the target price of 304 € shows a very positive potential of 59.85% compared to the current price of 190.18 € for MongoDB Inc..
