MongoDB Stock: A Bubble Burst in AI; Now is the Time to Buy
MDBMongoDB(MDB) MarketBeat·2024-03-08 23:50

Key Points MongoDB had a solid quarter, with growth sustaining above 25% for another quarter, but guidance was weak. MongoDB Atlas is gaining traction and has grown to 68% of revenue. Analysts are resetting their targets but remain bullish and see a 15% upside at the consensus. 5 stocks we like better than Adobe Results from MongoDB NASDAQ: MDB and GitLab NASDAQ: GTLB suggest a bubble is bursting in the AI market that could impact names like Oracle NYSE: ORCL, Adobe NASDAQ: ADBE, and Microsoft NASDAQ: MSFT. ...