Is MongoDB Stock a Buy Now?
Shares of database company (NASDAQ: MDB) were once a highflier, exceeding $500 earlier this year. But that changed after the company announced results for its fiscal first quarter, ended April 30.
Management noted a slowdown in revenue growth and reduced its guidance for the current fiscal year. MongoDB stock promptly plunged, eventually reaching a 52-week low of $212.74 in August.
But on Aug. 29, the company reported results for its fiscal second quarter, ended July 31, and after that, shares began climbing.
Source Fool.com
MongoDB Inc. Stock
€361.00
1.360%
The stock is an absolute favorite of our community with 118 Buy predictions and no Sell predictions.
With a target price of 365 € there is a slightly positive potential of 1.11% for MongoDB Inc. compared to the current price of 361.0 €.
