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.
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Source Fool.com
MongoDB Inc. Stock
€329.60
5.900%
The stock is one of the favorites of our community with 129 Buy predictions and 2 Sell predictions.
With a target price of 346 € there is a slightly positive potential of 4.98% for MongoDB Inc. compared to the current price of 329.6 €.
