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

MongoDB Inc. (NASDAQ:MDB) is one of the hot tech stocks to invest in. On January 7, Truist raised the firm’s price target on MongoDB to $500 from $450 and kept a Buy rating on the shares. This decision was made as Truist noted a deepening divide in the AI sector: while seat-based business models have plummeted by an average of 34% over the last year, other AI-related firms have climbed 24%. This valuation gap is expected to persist through 2026, though the firm suggested that some of last year’s laggards m ...