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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

€356.90
-0.880%
The price for the MongoDB Inc. stock decreased slightly today. Compared to yesterday there is a change of -€3.150 (-0.880%).
With 120 Buy predictions and 1 Sell predictions MongoDB Inc. is one of the favorites of our community.
At the moment MongoDB Inc. has reached the predicted target price of 360 €, with a current price of 356.9 €.
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