AI firm Anthropic (PC:ANTPQ) recently announced a $200 million multi-year partnership with cloud data firm Snowflake (SNOW). The deal brings Anthropic’s powerful AI models directly into Snowflake’s platform, thereby giving Snowflake’s enterprise clients easy access. Interestingly, Snowflake CEO Sridhar Ramaswamy said that this partnership combines product innovation and a shared commitment to helping customers scale AI using their most important data.
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As part of the agreement, Snowflake customers will be able to use Claude models, including Claude Opus 4.5, for multimodal data analysis and to build custom AI agents. Furthermore, this AI will be built directly into Snowflake Intelligence, the company’s new enterprise AI offering. Notably, Anthropic CEO Dario Amodei explained that companies have already invested heavily in secure data environments, and now want AI tools that can work safely within those systems. He said that this integration makes it easier for businesses to put cutting-edge AI to work without compromising security.
This Snowflake deal also continues Anthropic’s recent focus on enterprise growth. In October, it partnered with Deloitte to bring Claude to over 470,000 employees and teamed up with IBM (IBM) to embed its models into software products. While rival OpenAI (PC:OPAIQ) has focused on consumer growth, Anthropic is targeting business use cases. In fact, a July survey by Menlo Ventures found that many enterprises prefer Anthropic’s models over competitors.
Is SNOW a Good Buy Right Now?
Turning to Wall Street, analysts have a Strong Buy consensus rating on SNOW stock based on 31 Buys, two Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average SNOW price target of $287.53 per share implies 22.1% upside potential.
