Optimistic Buy Rating for Snowflake Amid Strong Growth Potential and AI Developments
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Analyst Derrick Wood from TD Cowen maintained a Buy rating on Snowflake with a $275.00 price target, citing strong growth potential in its Cloud Data Warehouse and Data Engineering segments, and positive AI developments. Despite high investor expectations, Wood remains optimistic about Snowflake’s medium-term prospects. Bank of America Securities also reiterated a Buy rating with a $310.00 price target.
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