MongoDB price target raised to $375 from $330 at Truist

Truist raised the firm’s price target on MongoDB (MDB) to $375 from $330 and keeps a Buy rating on the shares. The firm came away from MongoDB’s 2025 investor day and .local NYC event with incremental optimism about the consumption that the company is seeing, while MongoDB CFO Mike Berry offered his financial framework and a 3-5 year model that indicates durable growth and expanding margins, the analyst tells investors in a research note. The investor session also featured significant focus on the platform capabilities and AI opportunity that the company has, with a number of customer testimonials, the firm added.