How many software-as-a-service (SaaS) companies MongoDB (NASDAQ: MDB) The stock had an amazing run in 2020. The non-SQL database company rose 173%, outperforming the stock’s total return S&P 500 (plus 18%) and NASDAQ-100 (plus 49%). While investors should be happy with performance, they are likely wondering whether stocks are a step ahead of the underlying business.
Is MongoDB Still a Buy or is it Overrated? Let’s investigate.
How is the business going?
Structured Query Language (SQL) databases were developed in the 1970s with the aim of reducing the large amount of data duplication at that time. oracle is an example of a company with a SQL database product. Non-SQL products like MongoDBs may not be as data efficient as a SQL database, but they are easily …