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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNOW:
- Private Markets: Microsoft, Nvidia to invest in Anthropic
- Optimistic Buy Rating for Snowflake Amid Strong Growth Potential and AI Developments
- Snowflake, Oracle Rival Databricks Eyes $130B Valuation in Latest Funding Round
- DA Davidson technology analysts hold an analyst/industry conference call
- Snowflake’s Strategic AI Positioning and Robust Demand Drive Buy Rating