Why MongoDB Stock Popped Today
Shares of MongoDB (NASDAQ: MDB) were moving higher today after the database software specialist got an analyst upgrade, and seemed to benefit from a weaker-than-expected inflation report.
As a result, the stock was up 10.2% as of 12:10 p.m. ET on Wednesday.
Morgan Stanley upgraded its rating on MongoDB from equal weight to overweight after a survey showed that 73% of respondents are actively engaged with cloud optimization initiatives, which the analyst sees as an opportunity for MongoDB to gain market share and pivot to profitability.
Source Fool.com
MongoDB Inc. Stock
€292.55
3.310%
With 129 Buy predictions and 2 Sell predictions MongoDB Inc. is one of the favorites of our community.
As a result the target price of 339 € shows a slightly positive potential of 15.88% compared to the current price of 292.55 € for MongoDB Inc..
