Truist Raises MongoDB (MDB) PT to $500, Highlighting Persistence in AI Valuation Gap

Group 1 - MongoDB Inc. has been identified as a promising tech stock, with Truist raising its price target to $500 from $450 while maintaining a Buy rating, highlighting a significant valuation gap in the AI sector [1][3] - In FQ3 2026, MongoDB reported $628 million in revenue, marking a 19% year-over-year increase, driven primarily by MongoDB Atlas, which experienced a 30% revenue growth and now constitutes 75% of total revenue [2][3] - The company provided optimistic guidance for FQ4 2026, expecting revenue between $665 and $670 million, which translates to a growth rate of 21% to 22%, and for FY2026, projected revenue is between $2.434 and $2.439 billion [3]