Why MongoDB Shares Rallied Today
Shares of new-age database software provider (NASDAQ: MDB) rallied 4.1% today, as the up-and-coming disruptor announced an expansion of its partnership with cloud giant Microsoft (NASDAQ: MSFT).
Microsoft had its own rally today, jumping more than 5% at one point to a new all-time high on the back of exciting artificial intelligence (AI) product introductions at its Inspire conference, so it appears the announcement of this tie-up on the same day fueled a piggyback rally for MongoDB as well.
Today, MongoDB announced it would significantly expand its current partnership with Azure parent Microsoft, making it easier for customers to access Atlas, MongoDB's cloud-based database-as-a-service offering, through the Azure commercial marketplace.
Source Fool.com
MongoDB Inc. Stock
The stock is one of the favorites of our community with 40 Buy predictions and 2 Sell predictions.
With a target price of 411 € there is a hugely positive potential of 93.87% for MongoDB Inc. compared to the current price of 212.0 €.
