MongoDB Stock: Analysts Recommend Buying the Dip
MDBMongoDB(MDB) MarketBeat·2024-06-28 19:13

Shares of MongoDB NASDAQ: MDB fell hard in Q2 for one reason and one reason alone- the guidance. Unlike other AI winners, the company’s guidance is for growth but tepid, anemic growth compared to the whisper expectations. The guidance resulted in a 50% decline for the stock from peak to bottom, assuming a bottom is in play, and 40% for the year, providing a deep discount for investors. The question is if it's time to buy the dip, and the answer may be yes. MongoDB Today MDB MongoDB $244.15 +3.63 (+1.51%) 52 ...