Why MongoDB Stock Tumbled 19.9% in March
Shares of database software provider (NASDAQ: MDB) are still up big since bottoming out in late 2022, but the stock got a reality check in March. While MongoDB's fourth-quarter results beat expectations across the board, the company's guidance left a lot to be desired.
MongoDB grew revenue by 27% year over year in the fourth quarter of fiscal 2024. Atlas, the company's managed database product, saw revenue expand by 34%. For the full year, total revenue grew by 31%.
Fiscal 2025, which kicked off on Feb. 1, is going to look very different. MongoDB's outlook calls for revenue between $1.90 billion and $1.93 billion, up just 14% from fiscal 2024. The consensus analyst estimate called for full-year revenue of $2.03 billion.
Source Fool.com
MongoDB Inc. Stock
€335.90
-0.340%
With 26 Buy predictions and 2 Sell predictions MongoDB Inc. is one of the favorites of our community.
As a result the target price of 437 € shows a positive potential of 30.1% compared to the current price of 335.9 € for MongoDB Inc..
