Reported about 12 hours ago
Truist Securities has reaffirmed its Buy rating and $235 price target for Snowflake Inc. (NYSE:SNOW) following positive results from a recent IT spending survey, indicating that Snowflake’s data cloud services continue to gain traction. The survey revealed an unexpected boost in new product adoption and showcased the company's advancements in artificial intelligence, positioning Snowflake well for future growth as demand for AI capabilities increases.
Source: YAHOO