Stock price of MongoDB (MDB) dropped 36.2% in 6 months, analysts debate causes

From Nasdaq: 2024-07-10 09:16:00

MongoDB’s stock price has fallen 36.2% in the past six months, underperforming the sector. Analysts debate the causes. Image Source: Zacks Investment Research

Atlas, MongoDB’s cloud platform, drives growth with 32% revenue increase in Q1 fiscal 2024. Atlas’s success lies in strategic partnerships and product innovation. Image Source: Zacks Investment Research

MongoDB boasts over 49,200 clients, high retention rates, and a multi-cloud approach. With increasing competition, the company’s premium valuation and persistent losses raise concerns. Image Source: Zacks Investment Research

Despite recent stock decline, MongoDB’s technology and market position remain strong. The company forecasts revenue growth for fiscal 2025 but anticipates reduced net income per share. Image Source: Zacks Investment Research

Zacks experts tip MongoDB as a possible investment with promising upsides, showcasing strong potential for long-term growth. Image Source: Zacks Investment Research



Read more at Nasdaq: MongoDB (MDB) Stock Plunges 36.2% in 6 Months: Hold or Fold?