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Why MongoDB Stock Skyrocketed Higher Wednesday Morning

TheMotleyFool 
0 0 27.08.25
Why MongoDB Stock Skyrocketed Higher Wednesday Morning
 

Shares of MongoDB (NASDAQ: MDB) charged sharply higher on Wednesday, surging as much as 34.3%. As of 11:47 a.m. ET, the stock is still up 34%.

The catalyst that drove the database-as-a-service provider higher was the company's financial results, which were far better than even the most bullish forecast.

Image source: Getty Images.

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Source Fool.com

MongoDB Inc. Stock

€344.85
7.600%
A very strong showing by MongoDB Inc. today, with an increase of €24.40 (7.600%) compared to yesterday's price.
The stock is one of the favorites of our community with 129 Buy predictions and 2 Sell predictions.
With a target price of 354 € there is a slightly positive potential of 2.65% for MongoDB Inc. compared to the current price of 344.85 €.
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