Schwab Network

MDB Spikes Over 20% on Earnings, Faces Rising Software Giants


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"Very positive growth momentum" helps shape MongoDB's (MDB) growth story, says Luke Yang, though he has a price target for the stock significantly below the current value. He says MongoDB needs to define itself against other growing companies like Snowflake (SNOW) to succeed long-term. Steven Koenig also has a price target below current value for similar reasons. He believes the company needs to use its core business growth by pairing it with A.I. to accelerate future success.


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