Shares of MongoDB (MDB) plummeted 34% last month following disappointing 2025 guidance and a market sell-off, despite beating revenue and earnings estimates in the fourth quarter. The company’s cloud-based product MongoDB Atlas saw strong growth, but concerns over slowing revenue growth and reduced earnings projections led to a stock downgrade by analysts. MongoDB’s management attributes the growth slowdown to limited multiyear deal cohorts and margin challenges, causing the stock to trade at a high forward P/E ratio of around 60.
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