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Why MongoDB Stock Is Plummeting Today

TheMotleyFool 
0 0 03.03.26
Why MongoDB Stock Is Plummeting TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, sunset photo at golden hour, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/a130cb51-4ded-41be-b600-b83e2078ad65.png
 

(NASDAQ: MDB) stock is getting hit hard Tuesday. The database software company's share price was down 21.8% as of 11:15 a.m. ET amid 2.4% declines for both the S 500 and the Nasdaq Composite. The stock had been down as much as 29.8% earlier in trading.

Investors are also having a negative reaction to MongoDB"s fourth-quarter report despite better-than-expected sales and earnings for the period. The broader market is also seeing big sell-offs today as investors react to conflict expansion in the Middle East. Software stocks have already been under pressure this year as investors weigh risks posed by the disruptive impacts of artificial intelligence (AI), and the U.S. and Israel's conflict with Iran has added additional bearish pressure.

Image source: Getty Images.

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Source Fool.com

MongoDB Inc. Stock

€401.20
5.570%
A very strong showing by MongoDB Inc. today, with an increase of €21.15 (5.570%) compared to yesterday's price.
The stock is one of the favorites of our community with 130 Buy predictions and 2 Sell predictions.
On the other hand, the target price of 391 € is below the current price of 401.2 € for MongoDB Inc., so the potential is actually -2.54%.
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