MongoDB: A Hidden Gem Among NASDAQ 100 Stocks, According to Jim Cramer

In a recent episode of Mad Money, Jim Cramer highlighted several NASDAQ 100 stocks that have caught his attention, including MongoDB (MDB). As a leading NoSQL database provider, MongoDB has been making waves in the tech industry, and Cramer believes it is a stock worth watching. In this article, we'll explore the key aspects of MongoDB's business model and growth prospects, as discussed by Cramer, and analyze its performance compared to other NASDAQ 100 stocks mentioned by the financial guru.

MongoDB's Business Model and Growth Prospects

Cramer praised MongoDB's strong cloud growth, with the company's cloud revenue growing by 50% year-over-year in the fourth quarter of 2021. He also highlighted the company's expansion into new markets, such as Europe and Asia, where international revenue grew by 40% year-over-year in the same quarter. Additionally, Cramer noted MongoDB's growing customer base, with over 1,000 new customers added in the fourth quarter of 2021, bringing the total customer count to over 30,000.

The financial analyst also commended MongoDB's continuous innovation and product development, citing the introduction of new features and services like the Atlas Data Lake and the Atlas Search. These advancements cater to the evolving needs of customers and demonstrate the company's commitment to staying ahead of the competition.

Cramer also pointed out MongoDB's strong financial performance, with revenue growth of 47% year-over-year in the fourth quarter of 2021 and earnings per share (EPS) growth of 110% year-over-year during the same period. This impressive financial performance is a testament to the company's ability to execute and grow its business.



Comparing MongoDB to Other NASDAQ 100 Stocks

To assess MongoDB's performance relative to other NASDAQ 100 stocks mentioned by Cramer, we can examine the following metrics:

1. Price Performance (1-Year Change):
* MongoDB (MDB): -11.50%
* Nvidia (NVDA): 10.79% (Bullish)
* Advanced Micro Devices (AMD): 1.15% (Bullish)
* CrowdStrike (CRWD): -8.96% (Bullish)
2. Analyst Ratings:
* MongoDB (MDB): 12 Buy, 1 Hold, 1 Sell (Consensus: Buy)
* Nvidia (NVDA): 27 Buy, 1 Hold, 1 Sell (Consensus: Buy)
* Advanced Micro Devices (AMD): 26 Buy, 4 Hold, 1 Sell (Consensus: Buy)
* CrowdStrike (CRWD): 21 Buy, 4 Hold, 1 Sell (Consensus: Buy)
3. Revenue Growth (Year-over-Year):
* MongoDB (MDB): 41% (FY 2022)
* Nvidia (NVDA): 26% (FY 2022)
* Advanced Micro Devices (AMD): 61% (FY 2022)
* CrowdStrike (CRWD): 34% (FY 2022)
4. Earnings Growth (Year-over-Year):
* MongoDB (MDB): 11% (FY 2022)
* Nvidia (NVDA): 14% (FY 2022)
* Advanced Micro Devices (AMD): 13% (FY 2022)
* CrowdStrike (CRWD): 29% (Q3 2022)

Based on these metrics, MongoDB's performance is mixed compared to other NASDAQ 100 stocks mentioned by Cramer. While its revenue growth is impressive, its price performance and earnings growth are lower than some of the other stocks, such as Nvidia and Advanced Micro Devices. Additionally, its analyst ratings are more evenly split between Buy and Hold ratings compared to the other stocks, which have a higher consensus of Buy ratings.

Key Risks and Opportunities for MongoDB

As with any investment, there are risks and opportunities associated with MongoDB. According to Cramer's analysis, some key opportunities for MongoDB include:

1. Growing demand for NoSQL databases: MongoDB's unique value proposition lies in its ability to handle unstructured data, making it an attractive choice for modern applications.
2. Strong financial performance: MongoDB has consistently delivered strong financial results, with revenue growth exceeding 30% year-over-year in recent quarters.
3. Expanding customer base: MongoDB's customer base includes prominent companies such as Google, Facebook, and Netflix, demonstrating the platform's credibility and versatility.
4. Strategic partnerships: MongoDB has formed strategic partnerships with major cloud providers like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform, expanding its reach and market share.

However, investors should also be aware of potential risks, such as competition, market fluctuations, regulatory and geopolitical risks, and dependence on a few large customers. By considering these factors, investors can make informed decisions about investing in MongoDB.

In conclusion, Jim Cramer's analysis of MongoDB as a long-term investment highlights several opportunities, such as growing demand for NoSQL databases, strong financial performance, and strategic partnerships. However, investors should also be aware of potential risks, including competition, market fluctuations, regulatory and geopolitical risks, and dependence on a few large customers. By considering these factors, investors can make informed decisions about investing in MongoDB.