MDB: I'm Betting $5,000,000 – Here's Why I See a 40% Upside 🚀
Posted: Dec 09, 2024
- Reddit user had a successful investment in $SMCI and is now looking at $MDB
- MongoDB has shown consistent revenue growth and profitability
- MongoDB's Atlas platform and version 8.0 technology are driving growth
- MongoDB faces challenges like growth slowdown and market competition
- User is confident in MongoDB due to its position in the AI market and growing demand
- User predicts MongoDB stock will hit $475, representing 30-40% upside
- User has $5,000,000 invested in MongoDB.
What do people on Reddit think?
🚨 Reddit sentiment: mixed - Comments show both positive views on potential high returns and skepticism about market strategy and product fit Summarized comments: - MDB is expected to see a 30-40% upside with a price target of $475 - Author claims a strong track record with past investments - Some skepticism about MongoDB's competitive positioning - Concerns about the high implied volatility at 170% - Critics question the timing of the investment after a 70% rise and market strategy - MongoDB's product compared to other tech companies like Elasticsearch, DynamoDB, and neo4j - Some comments express doubt or confusion about the investment decision Stock tickers discussed: $MDB
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