Reported 3 days ago
MongoDB, Inc. (NASDAQ: MDB) reached a nine-month high, surging 44.07% week-on-week to $321.92 after reporting strong second-quarter earnings, with revenues rising 23.7% to $591 million and a reduced net loss of $47 million. The company also received an upgraded price target of $265 from Macquarie, reflecting confidence in its changing go-to-market strategy, although the firm maintained a neutral stance on the stock.
Source: YAHOO