It’s been mentioned here before but not enough. The COO leaving is NOT a big deal. A new one comes in and it’s back on its way up! The latest earnings report was great.
It recently reported strong Q3 2024 earnings, exceeding expectations with a 30% year-over-year revenue increase. Its full-year sales outlook was raised, now forecasting revenues up to $1.977 billion. Analysts (I know who cares but still) remain optimistic, with an average 12-month price target of $379.81, representing a 42% potential upside from its current price of about $267. Key drivers include its adoption in AI-powered solutions and Atlas database platform growth.
I’ve been thanking the Gods for this drop.