Ghazal Ahmed
1 min read
In This Article:
Snowflake Inc. is one of the 10 Buzzing AI Stocks on Latest News and Ratings. On June 4th, TD Cowen increased its price target for Snowflake Inc. (NYSE:SNOW) from $230 to $240 while maintaining a “Buy” rating.
The adjustment follows the firm’s attendance at Snowflake’s Summit ’25 conference and Analyst Day held in San Francisco this week. The analysts pointed out the company’s accelerated product roadmap, focusing on core analytics, unstructured workloads, and artificial intelligence.
Snowflake’s strategic focus in these core areas is helping it boost demand and strengthen its market position. The company is also accelerating its hiring efforts and investing in faster operational scaling, reflecting robust demand for its services.
A software engineer at work, surrounded by a wall of computer monitors connected to a 'Data Cloud' platform.
Analysts also came away optimistic from the event days due to constructive insights on spending activity. They highlighted improvements in core OLAP performance, new offerings in AI and unstructured data, and enhanced data lifecycle management capabilities as key strengths.
The company also appears to be refreshing its go-to-market investments, supporting the positive outlook further.
Snowflake Inc. (NYSE:SNOW) is a cloud-based data storage company providing a data analysis, storage, and sharing platform.
While we acknowledge the potential of SNOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 AI Stocks in the Spotlight and 10 AI Stocks Getting Wall Street’s Attention.
Disclosure: None.
