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
€198.14
-1.440%
The stock is an absolute favorite of our community with 121 Buy predictions and no Sell predictions.
With a target price of 317 € there is a hugely positive potential of 59.99% for MongoDB Inc. compared to the current price of 198.14 €.
