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
€261.65
-0.060%
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 22.68% compared to the current price of 261.65 € for MongoDB Inc..
