Why Did MongoDB Stock Climb 40% in June?
Shares of (NASDAQ: MDB) shot higher following a strong quarterly earnings announcement. The company's better-than-expected results and upbeat outlook drove the stock up 39.9% in June, according to S&P Global Market Intelligence.
MongoDB is one of the high-growth tech darlings that exploded to an unsustainable valuation during the pandemic then dropped steeply as interest rates rose while growth slowed. Along with many other growth stocks, MongoDB has since exhibited volatility as investors make sense of a complicated macroeconomic environment.
Image source: Getty Images.
Source Fool.com
MongoDB Inc. Aktie
261,15 €
0,65 %
Die Community sieht MongoDB Inc. positiv: Viel mehr Buy- als Sell-Einschätzungen.
Das Kursziel von 321 € für MongoDB Inc. bedeutet eine deutliche Steigerung von über 20% gegenüber dem aktuellen Kurs von 261.15 €.
