Professional
Added to YB: 2024-10-02
Pitch date: 2024-09-27
MDB [bullish]
MongoDB, Inc.
+56.91%
current return
Author Info
No bio for this author
Company Info
MongoDB, Inc., together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
Market Cap
$34.1B
Pitch Price
$267.04
Price Target
330.00 (-21%)
Dividend
N/A
EV/EBITDA
-281.65
P/E
-475.02
EV/Sales
13.74
Sector
IT Services
Category
growth
MongoDB, Inc.: Shares Approaching Our Fair Value Estimate as Management Ups Their Guidance
MDB: Q2 rev +13% YoY to $478M, Atlas +27% YoY (71% of rev). Non-GAAP EPS $0.70, beating estimates. Upped guidance. $330 price target. Bull: AI beneficiary, sticky product. Bear: Cloud providers catching up, growth slowdown. No moat yet due to aggressive spending, but strong switching costs.
Read full article (10 min)