MongoDB Added the Most New Customers in Over 2 Years -- Is It Finally Time to Buy the Stock?
After more than 18 months of misery, it appears the bear market that plagued technology stocks may finally be over. The tech-centric Nasdaq Composite is now down just 18% from its peak, and if it continues along its current trajectory, the worst could be behind us.
Like many stocks, (NASDAQ: MDB) was punished harshly, at one point losing more than two-thirds of its value. Yet, the cloud-native database specialist continued to crank out quarter after quarter of double-digit growth, and it appears the stock is now on the road to recovery.
After the market close on Thursday, MongoDB delivered decisive results, putting investors on notice that a rebound was at hand -- characterized by strength in all the metrics that matter and a classic beat-and-raise.
Source Fool.com
MongoDB Inc. Stock
With 40 Buy predictions and 2 Sell predictions MongoDB Inc. is one of the favorites of our community.
As a result the target price of 409 € shows a very positive potential of 76.94% compared to the current price of 231.15 € for MongoDB Inc..
