|Bid||303.10 x 1100|
|Ask||305.48 x 800|
|Day's Range||295.02 - 313.67|
|52 Week Range||213.39 - 590.00|
|Beta (5Y Monthly)||1.00|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 31, 2022 - Sept 05, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||384.44|
A decline in long-term yields and a big analyst upgrade for a peer saw these software stocks surging higher.
Being an investor hasn't been particularly easy in the current bear market, but savvy investors also know that taking advantage of today's bargain prices can lead to life-changing returns over the long term. One business that fits the bill is MongoDB (NASDAQ: MDB). MongoDB has crushed the market since going public in 2017, producing returns of 678% to shareholders relative to S&P 500's 43%.
There wasn't any material news out of these companies today; however, most high-growth software stocks surged today after the market fell to yearly lows last week. In the wake of the Federal Reserve hiking interest rates by 75 basis points last week, the largest increase since 1994, investor attention is now turning away from inflation risks and now more toward recession risk. MongoDB's document style of database is disrupting the traditional row-and-column format of many traditional databases.