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MongoDB Inc Class A - Stock Quote MDB

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Morningstar's MongoDB Inc Class A Stock Analysis

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Is it the right time to buy or sell?

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MongoDB World Reveals Latest Market-Expanding, Broad-Based Features; We Document the Stock as a Buy

Julie Bhusal Sharma Equity Analyst

Analyst Note

| Julie Bhusal Sharma |

On June 7, MongoDB kicked off its MongoDB World conference, boasting the latest of its database platform's capabilities. The day's agenda has left us even more confident in our $344 fair value estimate for this no-moat name that helps simplify enterprises' database needs through easy-to-use and broad-based database capabilities. We believe the market is undervaluing the impressive software company in two ways—first, by undervaluing the size of its overall database management market, and second, by applying an undue discount for macroeconomic uncertainty, which we believe will have relatively little effect on the mission-critical data use cases to which MongoDB's document database pertains.

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MongoDB Inc Class A's Company Profile

Business Description

Founded in 2007, MongoDB is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. MongoDB provides both licenses as well as subscriptions as a service for its NoSQL database. MongoDB’s database is compatible with all major programming languages and is capable of being deployed for a variety of use cases.

1633 Broadway, 38th Floor
New York, NY, 10019
T +1 646 727-4092
Sector Technology
Industry Software - Infrastructure
Most Recent Earnings Apr 30, 2022
Fiscal Year End Jan 31, 2023
Stock Type Speculative Growth
Employees 3,544