Snowflake Inc. (nyse: snow) is one of the Stocks AI Trend to Wall Street. On August 20, Bofa Brad Salls’ securities analyst brought the neutral action to buy with a price target of $ 240.00 (compared to $ 220.00). The company has improved the action according to the base of the profits of August 27 of Snowflake according to the improvement of demands of demand and long -term growth prospects in AI and data services.
Bofa has cited several data sources that have underlined the momentum in the Snowflake data warehouse and the emerging companies of Cortex IA and Snowpark developers.
“We improve the snowflake to buy from Neutral, and increase our estimates, and PO to $ 240 (53x CY26FCF / 1.9x adjj, from 220, 48x / 1.7x), given three separate exclusive data sources that point out in the momentum in Snowflake and Snow Flake (AI and Snowpark. Actions are negotiated with a reasonable number of 1.5x cy26th FCF adjusted for growth compared to the group of peers with large capitalization at 1.6x. ”
The company provides for product turnover in the first quarter of T2 of around 1.06 billion dollars led by stronger web activity trends. Channel checks indicate more improvement, customers gradually turning to Snowflake as a critical part of the AI technology stack.
Snowflake is confronted with competition and risks resulting from its consumption -based income model, but the likely Adressable AI software market of $ 155 billion highlights a key opportunity for the company.
“Although we think that the benefits of Q2 (8/27) will be a catalyst for the stock taking into account the positive data points below, our call is intended for long-term outperformance given an incremental traction with products addressing a higher IA market for more significant for $ 155 billion software.”
Snowflake Inc. (NYSE: Snow) is a cloud-based data storage company providing an analysis, storage and data sharing platform.
Although we recognize the potential of snow as an investment, we believe that certain AI actions offer greater increase in increase and have a less unknown risk. If you are looking for an extremely undervalued AI stock that should also benefit considerably from the Trump era tariffs and the excessive trend, see our free report on the Best short -term AI stock.
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