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Why MongoDB, CrowdStrike, and Zscaler Stocks Rose on Monday

TheMotleyFool

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Tech stocks are starting the week off on the right foot Monday, with the tech-heavy Nasdaq scoring gains of more than 2% through 12:25 p.m. ET. Shares of cloud-based database specialist MongoDB (NASDAQ: MDB) are doubling that gain, up 4.1%. Cybersecurity stocks Zscaler (NASDAQ: ZS) and CrowdStrike (NASDAQ: CRWD) are doing nearly as well, up 3.2% and 3.7%, respectively.

And curiously, all of these gains come as Wall Street lowers the boom on tech stock valuations.

Investment banker Truist Financial (formed by the merger of BB&T and SunTrust in 2019) cut its price targets on MongoDB, Zscaler, and CrowdStrike this morning.

Source Fool.com

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