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
€203.00
1.070%
With 120 Buy predictions and not a single Sell prediction MongoDB Inc. is an absolute favorite of our community.
As a result the target price of 316 € shows a very positive potential of 55.67% compared to the current price of 203.0 € for MongoDB Inc..
