Snowflake, MongoDB receive target hikes after infrastructure software rally: Truist
Reported by Seeking Alpha · seekingalpha.com · August 20, 2026
Truist lifts price targets on Snowflake, MongoDB, GitLab & others as AI tailwinds boost infra software.
What the tape says
What to watch: AI infrastructure spend continues to concentrate in compute, memory, and power equipment.
Market reaction today: $TFC +0.77%, $TGT +2.69%, $SNOW -3.00%
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