Why MongoDB Stock Just Popped

Why MongoDB Stock Just Popped

MongoDB (NASDAQ: MDB) stock is rocking in morning trading on the Nasdaq, up 6.5% as of 11:55 a.m. EDT. You can thank Goldman Sachs for that. As Goldman explains in a note covered on StreetInsider.com this morning, with "Atlas momentum [driving] durable growth with strong competitive positioning and developer mindshare ... MongoDB is well positioned to capitalize on growth from net new workloads and replatforming of legacy applications."