MongoDB's Long-Term Growth Drivers: Artificial Intelligence, the Application Economy, and Real-Time Data
The creators of (NASDAQ: MDB) built the database to address traditional databases' limitations that create difficulties for app developers. Since its launch in 2009, it has gained massive popularity among developers by tackling their pain points.
In October 2017, the company came public at an initial offering price of $24 per share. If you had purchased the stock at that price, your return on investment today would be an astounding 1,625%. However, MongoDB's shares have underperformed since the end of 2021 due to the company's lack of profitability in a rising interest rate environment. Although the stock has recently rallied, the risk of it dropping again in case a recession gets underway is high.
Suppose you are a worried shareholder wondering what to do in this uncertain environment. It would be best if you remained invested in MongoDB stock despite the risk its price could fall in the short term. Here's why.
Source Fool.com
MongoDB Inc. Stock
The stock is one of the favorites of our community with 26 Buy predictions and 2 Sell predictions.
With a target price of 437 € there is a positive potential of 28.7% for MongoDB Inc. compared to the current price of 339.55 €.
