Reported 1 day ago
Snowflake (NYSE: SNOW) has seen its stock price drop 68% since its peak in late 2021, but Wall Street analysts are optimistic about a potential recovery, setting a median price target of $169. Despite challenges such as cybersecurity issues and leadership changes, Snowflake's cloud-agnostic platform positions it well for growth in the AI sector. With investments in AI development expected to bear fruit, analysts forecast earnings growth in the future, suggesting that, while the stock remains pricey, it could be a worthwhile investment for those with a high risk tolerance.
Source: YAHOO