GREAT GAINS IN BUYOUT CANDIDATE MONGODB, CONTINUE TO HOLD IN SPITE OF LOW EARNINGS, RAISING THE TARGET $MDB

This post was just published on ZYX Buy Change Alert.

MongoDB (MDB) is long from $24.  It is trading at $140.54, down over $8.  Earnings were roughly in line with consensus but lower than the whisper numbers.

Partial profits have previously been taken. In spite of lower earnings, consider continuing to hold the remaining position.

This is a very long term position.

We are raising the target zone to $200 – $220.

MDB remains a buyout candidate.

 

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