MongoDB Stock Soars Over 100% on Triple-Digit Earnings Growth and AI Promise
- MongoDB stock gained 108% in 2023, helped by triple-digit earnings growth and AI potential.
- Shares rebounded from 50-day line, breaking trendline in recent action.
- Adjusted earnings increased 317% year-over-year in latest quarterly report.
- Stock has formed consolidation pattern with 442.84 buy point.
- Seven of the growth mutual funds tracked closely by IBD are investors in MongoDB.