MongoDB (MDB) stock surged by 37.96% to $295.70 on Wednesday due to impressive Q2 earnings. Net loss decreased by 13.76% to $47 million, while revenues rose by 23.7% to $591 million. In H1, net loss narrowed by 37% to $84.67 million, and revenues increased by 22.7% to $1.14 billion. Macquarie raised MDB’s price target to $265. Macquarie noted MDB’s strategic shift in go-to-market approach. However, they remain neutral on the stock.

Read more at Yahoo Finance: MongoDB (MDB) Soars 38% on Strong Earnings