MongoDB shares rose 1.18% in pre-market trading after the company announced an expansion of its AI offerings for database-centric workloads, supported by strong technical signals and positive analyst sentiment.
- Shares traded at $348.41 pre-market, bucking softer broader index trends.
- Analysts highlighted a hammer chart pattern signaling a potential trend reversal, with EPS estimates up 41.4% in 30 days.
- Goldman Sachs listed MDB among beaten-down software stocks to buy; the current price remains 23% below the $448.74 analyst target.