MongoDB Inc Class A

MDB: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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MongoDB’s Leadership in the NoSQL Database World Does Not Warrant an Economic Moat

Luke Yang

May 6, 2025

Business Strategy and Outlook

MongoDB is a document-oriented database that accelerates applications’ development timeframe. Compared with traditional SQL databases, MongoDB allows developers to store data in a more flexible format, making it an ideal tool for certain use cases in verticals such as gaming and retail. Thanks to its ease of use, we believe MongoDB has already become the default document-oriented database choice for commercial users.

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MongoDB Inc Class A

MongoDB’s Leadership in the NoSQL Database World Does Not Warrant an Economic Moat

Business Strategy and Outlook

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