Why MongoDB Stock Rallied Wednesday Morning
Shares of MongoDB (NASDAQ: MDB) popped on Wednesday, climbing as much as 4.7%. As of 11:48 a.m. ET, the stock was up 1.7%.
The catalyst that drove the database-as-a-service provider higher was a price target increase and bullish commentary from a Wall Street analyst.
Citigroup analyst Tyler Radke boosted his price target on MongoDB stock to $550 while maintaining a buy rating on the shares. For those following along at home, that represents potential gains of 36% compared to Tuesday's closing price.
Source Fool.com
MongoDB Inc. Stock
€337.05
-0.210%
With 26 Buy predictions and 2 Sell predictions MongoDB Inc. is one of the favorites of our community.
As a result the target price of 437 € shows a positive potential of 29.65% compared to the current price of 337.05 € for MongoDB Inc..
