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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

€333.95
2.280%
There is an upward development for MongoDB Inc. compared to yesterday, with an increase of €7.45 (2.280%).
With 117 Buy predictions and not a single Sell prediction MongoDB Inc. is an absolute favorite of our community.
As a result the target price of 343 € shows a slightly positive potential of 2.71% compared to the current price of 333.95 € for MongoDB Inc..
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