Truist raised the firm’s price target on MongoDB (MDB) to $330 from $275 and keeps a Buy rating on the shares. The company produced an “exceptional” Q2 result, with significant upside to the firm’s estimates across the board, the analyst tells investors in a research note. Commentary on the earnings call also indicated significant momentum in core workloads and traction with budding AI use cases and AI native customers, the firm added.
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