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 ....
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For further details see:
MongoDB Earnings: Do Not Buy This Dip, Avoid This Stock