Why MongoDB Stock Lost 34% in March
Shares of MongoDB (NASDAQ: MDB) took a dive last month as the maker of NoSQL database software gave disappointing guidance for 2025 and got caught up in the broad market sell-off on fears around waning consumer confidence and the trade war.
According to data from S&P Global Market Intelligence, the stock finished the month down 34%. As you can see from the chart, the stock tumbled on the earnings report and stayed down from there, slumping toward the end of the month.
Source Fool.com
MongoDB Inc. Stock
€349.00
-1.150%
With 119 Buy predictions and not a single Sell prediction MongoDB Inc. is an absolute favorite of our community.
As a result the target price of 365 € shows a slightly positive potential of 4.58% compared to the current price of 349.0 € for MongoDB Inc..
