Is MongoDB Stock a Buy?
Shares of database software specialist MongoDB (NASDAQ: MDB) have gained 159% over the last year. Is the stock in the middle of a long bull run or is it due for a correction in the near future? Let's find out.
I do have a dog in this race, having picked up a few MongoDB shares near the market bottom in March.
The stock struck me as incredibly affordable at the time since MongoDB's NoSQL databases are perfectly suited for exactly the type of data people are storing these days. NoSQL databases are great at organizing unstructured data from diverse and sometimes unreliable sources such as user input in smartphone apps, sensor readings from fitness trackers and Internet of Things devices, or any type of large data collection for a business app whose data requirements are constantly changing.
Source Fool.com
