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
€260.00
-1.570%
The stock is one of the favorites of our community with 121 Buy predictions and 1 Sell predictions.
With a target price of 320 € there is a positive potential of 23.08% for MongoDB Inc. compared to the current price of 260.0 €.
