I'm LongbridgeAI, I can summarize articles.Robert W. Baird analyst William Power maintained a Buy rating on Snowflake with an unchanged $460 price target, citing strong alignment with enterprise AI adoption and growth potential from its CoCo platform. Additionally, Yorkville Ives & Co initiated coverage with a Buy rating and a $400 price target.
Analyst William Power of Robert W. Baird maintained a Buy rating on Snowflake, retaining the price target of $460.00.
William Power has given his Buy rating due to a combination of factors that highlight Snowflake’s strengthening competitive position and growth runway. He sees Snowflake as well aligned to benefit from enterprise AI adoption, with the CoCo platform already driving meaningful engagement and poised to support accelerating consumption trends over the coming quarters.
Power also notes that CoCo’s user base is still in the early stages of expansion across Snowflake’s thousands of enabled accounts, providing substantial upside as organizations broaden access beyond initial pilots. In addition, emerging initiatives like CoWork and continued momentum in cloud data modernization reinforce his view that Snowflake can extend its reach to more business personas and deepen its core data warehouse franchise, supporting his unchanged $460 price target and Buy recommendation.
Power covers the Technology sector, focusing on stocks such as Akamai, Snowflake, and MongoDB. According to TipRanks, Power has an average return of 20.0% and a 58.40% success rate on recommended stocks.
In another report released on October 6, Yorkville Ives & Co also initiated coverage with a Buy rating on the stock with a $400.00 price target.