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home / news releases / MDB - MongoDB Earnings: Do Not Buy This Dip Avoid This Stock

MDB - MongoDB Earnings: Do Not Buy This Dip Avoid This Stock

MongoDB Inc.

2024-05-31 07:21:06 ET

Summary

  • MongoDB's stock falls, prompting investors to reconsider its high valuation and prospects.
  • Slower-than-expected growth in Atlas consumption and downward revisions in revenue guidance are challenges for MongoDB.
  • The high forward non-GAAP EPS multiple of 85x makes MongoDB's valuation unjustified, suggesting there are better stocks to invest in.

Investment Thesis

MongoDB (MDB) sees its stock fall 25% premarket . And here's how I described MongoDB last time ....

For further details see:

MongoDB Earnings: Do Not Buy This Dip, Avoid This Stock
Stock Information
Company Name: MongoDB Inc.
Stock Symbol: MDB
Market: NASDAQ
Website: mongodb.com
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