MongoDB Inc Class A

MDB: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$988.00	Ynx	Lsmqmwyk

MongoDB Earnings: Shares Approaching Our Fair Value Estimate as Management Ups Their Guidance

Julie Bhusal Sharma

Aug 30, 2024

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.

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