Why MongoDB Stock Popped Today
Yahoo! Finance
Shares of MongoDB (NASDAQ: MDB) were moving higher Friday after the cloud software stock received a bullish analyst note from Truist. Truist analyst Miller Jump initiated coverage on MongoDB Friday morning with a buy rating and a price target of $300, implying an upside of more than 50% from the stock's closing price Thursday. Jump argued that the provider of NoSQL database software is at the crossroads of several converging database markets, and said Wall Street was underestimating its revenu...
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