Zacks Research Upgrades MongoDB (NASDAQ:MDB) to "Strong-Buy"
Zacks Research upgraded MongoDB (NASDAQ:MDB) to "strong-buy" from "hold." Other analysts also raised their price targets, with Bank of America, DA Davidson, Robert W. Baird, BMO Capital Markets, and Stifel Nicolaus all giving "buy" or "outperform" ratings. MongoDB's stock opened at $396.73, with a market cap of $32.28 billion. Insiders sold shares recently, and institutional investors adjusted their positions. MongoDB reported strong earnings, surpassing estimates, and provided positive future guidance.