By Nigam Arora & Dr. Natasha Arora
Signal(s) to enter, add, reduce, exit, hold or change.
MongoDB (MDB) is a database software company. It is long from $24. It is trading at $373.64 as of this writing. It jumped 35.4% on earnings released yesterday after hours. This represents a 1558% gain on the position.
MDB earnings were better than the consensus. They gained new customers, especially enterprise customers, and also highlighted higher workloads from current customers.
In The Arora Report analysis, MDB will benefit from high artificial intelligence compute workloads.
MDB remains a buyout candidate. To date 180 of The Arora Report portfolio companies have been bought out producing a fortune for long-time subscribers.
This is a very long term position. The very long term target is $733 to $800.
For those who are following the Good Way, the Buy Now rating is NO.
For those following the Best Way, normally we give buy zones in advance but this stock is simply too volatile to give a buy zone for those who are not in MDB at this time.
What To Do Now
Those in the stock may consider continuing to hold.
Those not in the stock may consider waiting for a signal on the Real Time Feed.
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