Engulfing Line (Bearish)
|Bid||374.50 x 800|
|Ask||375.00 x 900|
|Day's Range||370.89 - 384.76|
|52 Week Range||135.15 - 398.89|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 29, 2023 - Sep 04, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||363.60|
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After collapsing in 2022, growth stocks are back with a vengeance in 2023. Tech stocks have soared this year, bouncing off of rock-bottom valuations at the end of 2022, and benefiting from signs that the tech industry may already be rebounding from last year's slowdown. Growth stocks, many of which hail from the tech sector, are also surging this year as the Vanguard Growth ETF is up 27% this year and we aren't even at the halfway mark.
To this end, stocks such as Palantir Technologies (NYSE: PLTR), MongoDB (NASDAQ: MDB), and SoFi Technologies (NASDAQ: SOFI) could not only benefit from meme-driven hype but also build on gains once the fanfare subsides. Around the time of its 2020 IPO, Palantir's big data capabilities drew the attention of meme investors. Additionally, the release of its new AI platform, AIP, may have further boosted the stock as Palantir touted its new capabilities related to large language models.
MongoDB reported fiscal year 2024 first-quarter earnings results that surprised stock market investors.
MongoDB (MDB) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
With first quarter earnings season largely done, investors will now shift focus to the Fed's next meeting and how policy updates could impact the AI-driven rally in stocks.
Stocks rose on Friday as better than expected May jobs report reiterated strength in the US labor market.
Like many stocks, MongoDB (NASDAQ: MDB) was punished harshly, at one point losing more than two-thirds of its value. 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. For its fiscal 2024 first quarter (ended April 30), MongoDB generated total revenue of $368.3 million, up 29% year over year.
Shares of MongoDB (NASDAQ: MDB) charged sharply higher Friday, surging as much as 35.4%. The catalyst that drove the database-as-a-service provider higher was its quarterly financial results, which soared past even the most bullish expectations. For its fiscal 2024 first quarter (ended April 30), MongoDB delivered revenue of $368.3 million, up 29% year over year, signaling to investors that the worst may have passed.
MongoDB shares skyrocketed after the database company posted first quarter results that topped analyst expectations. Yahoo Finance Live's Julie Hyman and Brad Smith break down MDB's results
Investing.com -- Stocks in focus in premarket trade on Friday, June 2nd. Please refresh for updates.
Stock markets got a nice lift on the first day of June, as the Nasdaq Composite (NASDAQINDEX: ^IXIC) in particular continued its run higher to close at its highest level in nearly a year. The S&P 500 (SNPINDEX: ^GSPC) and Dow Jones Industrial Average (DJINDICES: ^DJI) also posted solid gains. Earnings reports kept coming in after the market had closed for the day, with some companies getting a boost, while others plunged.
MongoDB, Inc. (NASDAQ: MDB) today announced its financial results for the first quarter ended April 30, 2023.
Investing.com - U.S. stock futures were trading slightly higher during Thursday's evening deals, after major benchmark averages closed out a positive session as market participants looked ahead to key employment data.
MongoDB, Inc. (NASDAQ: MDB) today announced that its Chief Operating Officer and Chief Financial Officer, Michael Gordon, and Senior Vice President of Finance, Serge Tanjga, will present at the William Blair 43rd Annual Growth Stock Conference in Chicago, IL.
Long term investing can be life changing when you buy and hold the truly great businesses. While not every stock...
Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades for Snowflake, MongoDB , Digital Turbine, and Annexon. Snowflake (NYSE:SNOW) was downgraded at two Wall Street firms after reporting its Q1 earnings, resulting in a share price drop of more than 16% yesterday, as InvestingPro reported in real-time. While Q1 results came in better than expected, the company’s outlook disappointed investors.
MongoDB, Inc. (NASDAQ: MDB) today announced that it will host an investor session at MongoDB.local in New York City. The day will begin at 10:00 a.m. ET on Thursday, June 22nd with MongoDB.local keynote presentations from Dev Ittycheria, MongoDB's President & CEO, and Sahir Azam, MongoDB's Chief Product Officer. The investor session, hosted by MongoDB's executive team, will follow from 11:30 a.m. – 2:30 p.m. ET.
MongoDB, Inc. (NASDAQ: MDB) and Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group (NYSE: BABA), today announced a four-year extension to their strategic global partnership that has seen significant growth since being announced in 2019. MongoDB provides the world's most popular non-relational database, and through this partnership, customers can easily adopt and consume MongoDB-as-a-service—ApsaraDB for MongoDB—from Alibaba Cloud's data centers globally. Customers c
Database company MongoDB (NASDAQ: MDB) didn't end the week well, with its stock declining by 5% on a Friday when the S&P 500 index basically traded sideways. The first of the two was actually a price-target raise on MongoDB stock. This trigger was pulled by Citigroup's Tyler Radke, who upped his level considerably; it's now $363 per share from the previous $290.
MongoDB, Inc. (NASDAQ: MDB) today announced it will report its first quarter fiscal year 2024 financial results for the three months ended April 30, 2023, after the U.S. financial markets close on Thursday, June 1, 2023.
Next-generation database specialist MongoDB (NASDAQ: MDB) was an outlier stock on Monday. With its ascent, MongoDB's stock trounced the S&P 500 index, which could only muster a 0.3% gain. Well before market open that day, Barclays prognosticator Raimo Lenschow pulled that trigger.
The state of the overall economy has clearly been the primary driver of the stock market over the past year or so, as high inflation and the Federal Reserve Bank's campaign of interest rate hikes have taken center stage. Investors are still holding out hope for a so-called "soft landing," with the economy avoiding a recession. With that as a backdrop, CrowdStrike (NASDAQ: CRWD) climbed 2.3%, Cloudflare (NYSE: NET) rose 3.1%, and MongoDB (NASDAQ: MDB) jumped 5.2%, as of 1:42 p.m. ET on Wednesday.
Market watchers and the Federal Reserve alike have been watching closely for signs of an impending recession, and while talk of a mild downturn has increased in recent weeks, investors have been hopeful for a so-called "soft landing," with the economy sidestepping a recession. With that as a backdrop, Cloudflare (NYSE: NET) rose 5.2%, Snowflake (NYSE: SNOW) climbed 8.1%, MongoDB (NASDAQ: MDB) jumped 11.2%, and Datadog (NASDAQ: DDOG) rallied 14% as of 11:10 a.m. ET on Wednesday.
First, I'll give you a taste of The Trade Desk (NASDAQ: TTD), an adtech company that helps advertisers place their ads across various media channels. What sets The Trade Desk apart is its self-service platform that uses algorithms to select the best location for an ad. Companies are expected to spend a whopping $348 billion on advertising in the U.S. alone in 2023, giving The Trade Desk a tremendous opportunity to benefit from this growing market.
Shares of MongoDB (NASDAQ: MDB) were moving higher today after the database software specialist got an analyst upgrade, and seemed to benefit from a weaker-than-expected inflation report. As a result, the stock was up 10.2% as of 12:10 p.m. ET on Wednesday. Morgan Stanley upgraded its rating on MongoDB from equal weight to overweight after a survey showed that 73% of respondents are actively engaged with cloud optimization initiatives, which the analyst sees as an opportunity for MongoDB to gain market share and pivot to profitability.