MongoDB stock jumps 6% as Morgan Stanley flags cloud demand rebound ahead of March earnings
MongoDB shares rose 6.3% to $380.32 Tuesday morning on Nasdaq, rebounding from an early drop amid renewed interest in cloud software stocks. Morgan Stanley and Goldman Sachs issued notes downplaying AI disruption fears and projecting revenue upside. Investors await MongoDB’s quarterly results due March 2 for updates on Atlas usage and revenue trends. Snowflake and Datadog also traded higher.