Wall Street Is Starting To Warm Up To Snowflake Again
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Snowflake is regaining investor interest as Oppenheimer reports increased customer engagement and demand for its AI products. Analyst Ittai Kidron notes strong adoption of Cortex and Snowflake Intelligence, indicating a growing role in enterprise AI. Despite competition from Databricks, many companies are using both platforms. Oppenheimer expects Snowflake's product revenue to exceed consensus estimates by 1.5% to 2%, while maintaining an Outperform rating and a $250 price target on the stock.
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