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MDB - MongoDB: Less Profitable Than Expected (Rating Downgrade)
MongoDB Inc.
2024-04-25 03:36:32 ET
Summary
Investors must navigate MongoDB's growth deceleration and rich valuation.
There's a balance to be found between the allure of innovation and the reality of valuation.
Here's why I moved to the sidelines on this stock.
Investment Thesis
MongoDB ( MDB ), the leading database platform, is on a path to deliver its 4th consecutive year of decelerating revenue growth rates. And yet, the stock remains richly priced....