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
€299.65
2.430%
The stock is one of the favorites of our community with 129 Buy predictions and 2 Sell predictions.
With a target price of 339 € there is a slightly positive potential of 13.13% for MongoDB Inc. compared to the current price of 299.65 €.
