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MongoDB's stock soared over 30% as Q2 results beat estimates, fueled by MongoDB Atlas growth.
MongoDB's stock surged over 30% after reporting strong Q2 results, beating earnings and revenue estimates.
Revenue rose 24% to $591 million, with MongoDB Atlas accounting for nearly 75% of sales.
The company added thousands of new customers and raised its FY2026 guidance, reflecting strong growth prospects.
Multiple analysts raised their price targets, with Needham setting it at $325 and Royal Bank of Canada at $350.
Despite insider sales, institutional investors increased their stakes, highlighting MongoDB's attractiveness for long-term investment.
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Las acciones de MongoDB se dispararon más del 30% a medida que los resultados del segundo trimestre superaron las estimaciones, impulsadas por el crecimiento de MongoDB Atlas.