Software Stock's Earnings Triple Play Renews AI Optimism

Another quarterly report, another post-earnings pop from MongoDB Inc (NASDAQ:MDB). The stock is up 25.9% to trade at $414.08, after the software company reported adjusted third-quarter earnings $1.32 per share on $628.3 million in revenue, both of which easily exceeded estimates.MongoDB also hiked its full-year forecast amid increased usage on its cloud database platform Atlas, an indicator of robust AI demand. In response to the triple play, at least 25 brokerages have lifted their price targets, the highe ...