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On Wednesday, DA Davidson analysts reiterated their Buy rating and $250 price target for Snowflake Inc . (NYSE: NYSE:SNOW), which currently trades at $209.15 with a market capitalization of nearly $70 billion. This reaffirmation follows the firm’s participation in Snowflake’s Data Cloud Summit and Investor Day held this week in San Francisco. According to InvestingPro data, analysts maintain a bullish consensus on the stock, with price targets ranging from $150 to $440.
The analysts expressed increased optimism about Snowflake’s strategic position in the data stack, driven by the company’s innovative product offerings and operational discipline. Snowflake’s product innovation continues to impress, with the introduction of new products such as OpenFlow, Adaptive Compute, and Cortex AISQL.
Management at Snowflake highlighted the anticipated rapid migration of customers to Gen2 warehouses in the coming months. There was also notable enthusiasm for the upcoming Adaptive Compute warehouses, although their general availability will take some time.
Snowflake aims to maintain its leadership in core data analytics while expanding into areas like AI/ML and data engineering. The company emphasized its technical advantages, particularly in price-performance over competitors like Databricks.
Snowflake’s commitment to simplicity and ease-of-use for customers is expected to be a key factor in its long-term success, according to management.
In other recent news, Snowflake Inc. has been the focus of several analyst updates following its Investor Day and Summit 2025 event. UBS analysts upgraded the stock rating to Buy with a new price target of $265, citing increased spending on data stacks and Snowflake’s strategic positioning in the AI landscape. Evercore ISI also raised its price target to $240, maintaining an Outperform rating, and highlighted the company’s expanded product offerings and expected revenue growth. Meanwhile, JPMorgan reiterated its Overweight rating with a $225 price target, noting Snowflake’s strategic vision and operational initiatives under new leadership. Morgan Stanley (NYSE:MS) maintained an Equalweight rating with a $200 target, focusing on the company’s innovation efforts in the AI era. Additionally, Citizens JMP upheld its Market Outperform rating with a $245 target, acknowledging Snowflake’s impressive year-to-date performance. These developments reflect a broad consensus among analysts on Snowflake’s potential for growth in the evolving data and AI markets.
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