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
€312.10
6.680%
The stock is one of the favorites of our community with 129 Buy predictions and 2 Sell predictions.
With a target price of 339 € there is a slightly positive potential of 8.62% for MongoDB Inc. compared to the current price of 312.1 €.
