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
€356.90
-0.880%
With 120 Buy predictions and 1 Sell predictions MongoDB Inc. is one of the favorites of our community.
At the moment MongoDB Inc. has reached the predicted target price of 360 €, with a current price of 356.9 €.
