MDB Stock Declines 38% in a Year: Here's Why it is Time to Buy

MongoDB (MDB) shares have lost 37.6% in the trailing 12 months, underperforming the Zacks Computer and Technology sector’s appreciation of 27.8% and the Zacks Internet – Software industry’s return of 30.7%.MDB shares have also lagged industry peers like Bill Holdings (BILL) and Domo over the same time frame. While BILL shares have appreciated 18.4%, Domo shares have lost 26.6% over the trailing 12 months.MongoDB’s sharp stock price decline can be attributed to macroeconomic headwinds, slower-than-expected m ...