1 Growth Stock Down 70% to Buy Right Now
The stock market hasn't been kind to most sectors and businesses in 2022, but it has been especially brutal to unprofitable businesses. While profitability is certainly important, not all unprofitable businesses are equal. Sure, some have weak business models or are poorly run, but then there are others that are outstanding businesses and unprofitable for strategic reasons.
The market's current conservative approach and obsession with profitability, without any additional context or considerations, is creating some spectacular bargains. One such bargain is MongoDB (NASDAQ: MDB). Let's see why.
Almost every modern company is a software company in some ways, and at the heart of each software app is a database like MongoDB. Developed on a relatively new paradigm of the NoSQL database, it offers greater flexibility and enables software development at a faster pace relative to traditional database models.
Source Fool.com
