Here's Why MongoDB Stock Gained 15% Last Month

Shares of (NASDAQ: MDB) rose 15.2% in August, according to data provided by S&P Global Market Intelligence. The company extended its streak of beating quarterly earnings estimates, and its forward-looking commentary impressed investors looking for signs of growth and profitability.

MongoDB reported earnings on Aug. 29, and investors were impressed. The company delivered 13% revenue growth, driven by subscription sales. Its top and bottom lines were comfortably higher than Wall Street's forecast, and investors were also pleased to see that the company was increasing its full-year guidance.

Image source: Getty Images.

Source Fool.com

MongoDB Inc. Aktie

MongoDB Inc. kann heute starke Zuwächse vorweisen. Die Aktie notiert im Vergleich zu gestern um 6,65 % höher.
Die Community bevorzugt MongoDB Inc., mit deutlich mehr Buy- (129) als Sell-Einschätzungen (2).
Für MongoDB Inc. sieht die Community ein leicht positives Kursziel von 343 €, verglichen mit dem aktuellen Kurs von 311.05 €.

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