MongoDB Q3 Results Exceed Expectations, Raises Full-Year Outlook

MongoDB reported a strong Q3 with Atlas-driven revenue and margin upside, lifting its full-year outlook. The company's share price has climbed 27.71% over the past month and delivered a 76.04% year-to-date return. However, with MongoDB trading near analyst targets and posting rapid growth, investors face a question: is there still a buying opportunity here, or has the market already priced in its future? The fair value is estimated at $440.10, with some factors that could derail this path, including cloud competition and slower AI monetization.