MongoDB Inc Class A
MDB: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$599.00 | Rfwnw | Kryhzxtpx |
MongoDB Earnings: Shares Approaching Our Fair Value Estimate as Management Ups Their Guidance
MongoDB posted a stellar quarter, well exceeding our second-quarter non-GAAP EPS forecast as well as the high end of management’s guidance. While shares are moving nicely toward our reiterated $330 fair value estimate for the no-moat name (after all-around upped guidance for the year), we still think there’s an attractive upside for the name. In our view, MongoDB remains a top pick for long-term investors wanting to get ample exposure to long-term artificial intelligence beneficiaries.