Jefferies raised the firm’s price target on Snowflake (SNOW) to $300 from $270 and keeps a Buy rating on the shares. A partner survey indicates “robust” demand for Snowflake with artificial intelligence the primary driver of growth, the analyst tells investors in a research note. The firm believes the company is poisoned for a strong second half of 2025 given its positive checks, growing AI adoption, easing compares, and a “conservative” guidance. The stock remains a top pick at Jefferies.
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