Index falls as earnings results weigh; pound above $1.33, Bodycote soars
On Wednesday, Citizens JMP analysts reiterated their Market Outperform rating for Snowflake Inc . stock (NYSE: NYSE:SNOW), currently valued at nearly $70 billion. The decision follows the company’s annual user conference, Snowflake Summit 2025, and an investor day held at Moscone Center in San Francisco.
The analysts also maintained their price target of $245 for the stock. According to InvestingPro data, analyst targets range from $150 to $440, with the stock currently trading near its 52-week high of $210.82. They cited the company’s impressive year-to-date performance, with shares rising by 35%, compared to a 1% increase for the Russell 3000 index.
Citizens JMP’s decision to uphold the current rating and price target comes after evaluating insights and developments shared during the conference and investor day.
Snowflake’s continued growth and performance have been a focal point for investors, contributing to the stock’s positive trajectory this year.
In other recent news, Snowflake Inc. has announced several significant developments. The company revealed its intention to acquire Crunchy Data, a provider of open-source PostgreSQL technology, to enhance its AI Data Cloud with secure and compliant database solutions. This acquisition aims to simplify AI application development and scaling, pending regulatory approvals. At the Snowflake Summit 2025, the company also introduced new AI-driven capabilities, including SnowConvert AI and Cortex AISQL, designed to improve data analytics and expedite migrations from legacy systems. These tools integrate generative AI into SQL queries, promising performance enhancements and cost savings.
Additionally, Snowflake launched its Standard Warehouse - Generation 2, offering 2.1 times faster analytics performance. The company emphasized enhancements in interoperability and security with the introduction of Adaptive Compute services and AI-powered governance tools. Moreover, Snowflake expanded its AI data marketplace with new offerings, including Cortex Knowledge Extensions and Semantic Models, allowing enterprises to integrate real-time content into AI applications.
UBS analysts recently upgraded Snowflake’s stock rating from Neutral to Buy, raising the price target to $265. This decision was influenced by increased corporate spending on data solutions and Snowflake’s expanded data management portfolio. The analysts noted manageable competition with Databricks and highlighted the company’s strategic growth in the data management market. These developments underscore Snowflake’s ongoing efforts to redefine data management in the AI era.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.