Why MongoDB Stock Rallied Wednesday Morning
Shares of MongoDB (NASDAQ: MDB) popped on Wednesday, climbing as much as 4.7%. As of 11:48 a.m. ET, the stock was up 1.7%.
The catalyst that drove the database-as-a-service provider higher was a price target increase and bullish commentary from a Wall Street analyst.
Citigroup analyst Tyler Radke boosted his price target on MongoDB stock to $550 while maintaining a buy rating on the shares. For those following along at home, that represents potential gains of 36% compared to Tuesday's closing price.
Source Fool.com
MongoDB Inc. Aktie
292,55 €
3,31 %
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 339 €, verglichen mit dem aktuellen Kurs von 292.55 €.
