Will MongoDB Be a Trillion-Dollar Stock by 2050?
(NASDAQ: MDB) has generated impressive gains since its IPO. The database management software maker went public at $24 a share in October 2017, and it now trades in the mid-$250s with a market cap of $19 billion.
It impressed investors with its rapid growth, rising gross margins, and exposure to the booming artificial intelligence (AI) market. But can it expand and evolve into a trillion-dollar company by 2050? Let's review its business model to find out.
Image source: Getty Images.
Source Fool.com
MongoDB Inc. Stock
€365.10
0.630%
The stock is an absolute favorite of our community with 117 Buy predictions and no Sell predictions.
On the other hand, the target price of 365 € is below the current price of 365.1 € for MongoDB Inc., so the potential is actually -0.03%.
