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MongoDB Surges 37% in Three Days on Strong Earnings Beat and Wall Street Upgrades
- MongoDB shares staged a massive multi-day rally fueled by a strong Q1 earnings beat and subsequent price target upgrades from major banks.
- The stock surged 37.10% over three days to close at $398.46 on June 2, supported by 31 upward EPS revisions for the current quarter.
- The sharp rebound reflects renewed investor confidence in MongoDB's cloud database platform and AI-driven growth prospects.
Supporting datasets
Supporting queries
To surface this insight, Baselight ran 4 queries across its structured data. Each one is reproducible — open it, read the SQL, and rerun it yourself.
Conclusion
MDB close rose from $294.46 (May 27) to $398.46 (June 2) (+37.10% over 3 days). Upward revisions for current quarter = 31.