MongoDB Isn't Much Of A Growth Stock Any Longer, Though It's Priced Like One (Rating Downgrade) [Seeking Alpha]
MongoDB, Inc. - Class A (MDB)
Last mongodb, inc. - class a earnings: 3/17 04:05 pm
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US:NASDAQ Investor Relations:
investors.mongodb.com/investor-relations
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Source: Seeking Alpha
10min Summary Downgrading MongoDB to a sell rating as its growth rate has decayed further, driven by weak consumption trends as its clients pull back on IT budgets. Even after a ~30% YTD drop, the stock still trades at a very sharp ~8x FY26 revenue multiple, well above many software peers that are growing in the low teens. Making growth matters worse, the company is still spending heavily to support sales, which is causing operating margins to decline. Wall Street consensus is already calling for FY26 revenue growth to accelerate after lapping consumption weakness this year, which is hardly guaranteed if we enter a recession. Sundry Photography A bit of fear is creeping back into the markets after the S&P 500 hit fresh highs, sparked by rising Middle East tensions. I also still think investors aren't according enough fear to the risk of a near-term recession (as many companies have reported weaker B2B spending, as well as troubles in the small/mid-sized business space)
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News
- MONGODB INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of MongoDB, Inc. - MDBPR Newswire
- Toyota Connected: Unifying driver and vehicle [Yahoo! Finance]Yahoo! Finance
- MongoDB, Inc. (NASDAQ: MDB) had its price target raised by analysts at Tigress Financial from $400.00 to $430.00. They now have a "buy" rating on the stock.MarketBeat
- Kurrent Charges Forward with $12 Million for Event-Native Data Platform [Yahoo! Finance]Yahoo! Finance
- TDengine Expands Industrial Data Offerings in 2024, Achieves 2x Revenue Growth [Yahoo! Finance]Yahoo! Finance
MDB
Earnings
- 12/9/24 - Beat
MDB
Sec Filings
- 12/20/24 - Form 8-K
- 12/19/24 - Form 4
- 12/18/24 - Form 4
- MDB's page on the SEC website