Summary
- MongoDB remains a Sell despite a 91% rally, as valuation is disconnected from even the most bullish fundamental scenarios.
- Recent AI-driven adoption and integration of vector search have accelerated MDB’s narrative, but revenue growth and margins do not justify current prices.
- Even with aggressive DCF upgrades, MDB’s fair value is ~$250, implying the stock is still overvalued by about 30%.
- Maintain a risk-managed Sell stance on MDB, suggesting put options or profit-taking, as narrative-driven momentum outpaces underlying business fundamentals.
Antonio_Diaz/iStock via Getty Images
It is almost unacceptable to go wrong by the margin I have on MongoDB ([MDB](https://seekingalpha.com/…
Summary
- MongoDB remains a Sell despite a 91% rally, as valuation is disconnected from even the most bullish fundamental scenarios.
- Recent AI-driven adoption and integration of vector search have accelerated MDB’s narrative, but revenue growth and margins do not justify current prices.
- Even with aggressive DCF upgrades, MDB’s fair value is ~$250, implying the stock is still overvalued by about 30%.
- Maintain a risk-managed Sell stance on MDB, suggesting put options or profit-taking, as narrative-driven momentum outpaces underlying business fundamentals.
Antonio_Diaz/iStock via Getty Images
It is almost unacceptable to go wrong by the margin I have on MongoDB (MDB) and still stick to your Sell thesis. However, I am going to do just that—reiterate the Sell call, probably more right now
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