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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

€194.14
0.810%
MongoDB Inc. gained 0.810% compared to yesterday.
The stock is an absolute favorite of our community with 119 Buy predictions and no Sell predictions.
With a target price of 316 € there is a hugely positive potential of 62.77% for MongoDB Inc. compared to the current price of 194.14 €.
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