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The Q1 reporting season brought mixed results from tech stocks for Q4. The ultimate takeaway is that digitization continues, cloud growth accelerates, and AI drives a robust outlook.
Recently, Zacks.com users have been paying close attention to MongoDB (MDB). This makes it worthwhile to examine what the stock has in store.
MongoDB's Q4 FY24 results showed 27% revenue growth and 86.1% adjusted operating profit growth, supporting the belief in above 20% revenue growth in the future. MongoDB Atlas, the cloud-based database service, accounted for 68% of group revenue and is a significant growth driver. The company expects $80 million in growth headwinds in FY25, but anticipates Atlas to contribute 23.8% to topline growth. Valuation estimates a fair value of $475 per share.
Value is where you find it, and there is value among AI stocks. This is a look at five AI stocks with value for investors in one form or another.
AI hardware stocks have been the big winners thus far in the AI boom, but that momentum will eventually shift to software. MongoDB stands to benefit as organizations learn how AI can make the most of its database tools.
MongoDB ( MDB ) is a $27 billion provider of datacenter solutions and is a key alternative to AWS and Azure because developers seem to love the platform. Mongo has established itself as the clear next-generation, NoSQL, general purpose database leader with over $2B of annualized revenue growing at 20%+ and its core Atlas product growing high double-digits.
Zacks.com users have recently been watching MongoDB (MDB) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Finding the best investment ideas is tricky. The market fluctuates and transitions into different cycles, with the constant temptation to switch your bets to chase trending stocks.
MongoDB's (MDB) fourth-quarter fiscal 2024 results reflect steady user growth, fueled by the robust uptake of Atlas.
Results from MongoDB NASDAQ: MDB and GitLab NASDAQ: GTLB suggest a bubble is bursting in the AI market that could impact names like Oracle NYSE: ORCL, Adobe NASDAQ: ADBE, and Microsoft NASDAQ: MSFT. However, a bubble bursting does not mean the end of AI; it is only a reset of expectations.