Reported 2 days ago
Citi has reaffirmed a 'Buy' rating on Snowflake Inc. (NYSE:SNOW), setting a target price of $245 following its investor day. The company has gained momentum with the launch of Cortex AI, a suite of features utilizing large language models, enhancing customer experience and generating interest from enterprises ready to adopt generative AI solutions. Snowflake's strategy to avoid vendor lock-in has led to strong adoption of its tools, including fraud detection and process automation, further solidifying its position in the market.
Source: YAHOO