MongoDB: The Future Propelled By Atlas Cloud Database

Michael Vi I discussed my bullish view on MongoDB (NASDAQ:MDB) stock in my initiation article, highlighting their strengths in the document-based database market. They released their Q4 FY24 result on March 7th, delivering 27% revenue growth and 86.1% adjusted operating profit growth. I am still confident that MongoDB will deliver above 20% revenue growth over the next few years. I reiterate the ‘Strong Buy’ rating with a fair value of $475 per share. Healthy Atlas Consumption Growth As highlighted in m ...