3 Catalysts for MongoDB in 2020
MongoDB (NASDAQ: MDB) is on a roll. Investors have bid the stock's value 43% higher over the past 12 months and more than 300% since its IPO over two years ago. However, though shares are up 43% over the past year, they're 30% below a 52-week high of $184.78 achieved earlier this summer. Could this recent pullback be an opportunity for investors to buy shares of a fast-growing company and profit over the long haul?
As investors ponder whether MongoDB is a buy, here are three catalysts to consider. These three aspects of the cloud database management company's business provide insight into important levers for MongoDB.
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Source Fool.com
