Jefferies: MongoDB, Inc. (NASDAQ:MDB) Is A Crowded Short Software Stock Among Institutional Investors

By Yahoo! Finance | Nov 3, 2024 at 08:12 AM EST

The Digital Media business is seeing rapid innovation with AI adoption driving profitability. However, AI-driven trends have impacted SaaS industry valuations and revenue growth estimates, affecting investor sentiment. MongoDB, Inc. faces challenges in maintaining growth, leading to its struggles in the market.

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