Autodesk and MongoDB reported top- and bottom-line wins for the second quarter
Autodesk Inc (NASDAQ:ADSK) and MongoDB Inc (NASDAQ:MDB) are having fun with post-earnings tailwinds this morning. Each software program firms reported top- and bottom-line wins for the second quarter, and in addition raised their annual income and revenue forecasts.
Final seen up 4.4% at $269.69, ADSK attracted no fewer than 13 price-target hikes this morning, with Morgan Stanley and Stifel adjusting their aims to $320 from $305 and $290, respectively. Shares are buying and selling at their highest degree since March, and are on observe for his or her fifth win within the final six periods as they sport an 11.7% year-to-date lead.
MDB is up 14.7% to commerce at $281.88 finally verify, blasting by current overhead stress a the $260 degree and eyeing its finest day since June 2023. The fairness can be on eyeing its first shut above the 80-day transferring common since March following at the very least 14 price-target hikes, however nonetheless carries a 29.8% deficit for 2024 after slipping to an Aug. 5, 52-week low of $212.74.
Total choices quantity operating at seven occasions the occasions the intraday common quantity for ADSK, and 13 occasions what’s sometimes seen at this level for MDB. Essentially the most energetic contract for the previous is the weekly 9/6 260-strike name, and for the previous it’s the September 180 put that leads the pack.
