Bullish
Snowflake's stock price target raised to $300 by Stifel, citing AI strength
Stifel has increased its price target for Snowflake Inc. (SNOW) to $300 from $205, maintaining a 'Buy' rating. The firm attributes this adjustment to stronger-than-expected AI product consumption, including CoCo and Intelligence products, which were not included in the first-quarter guidance due to limited historical operational experience. Additionally, Snowflake's fiscal 2027 guidance was raised by $180 million, driven by AI acceleration and observed CoCo usage alongside strength in the core business.
Key points
- Stifel raises Snowflake's price target to $300, citing AI strength.
- Snowflake's fiscal 2027 guidance increased by $180 million, driven by AI acceleration.
- CoCo and Intelligence products were not included in the first-quarter guidance due to limited historical operational experience.
Sources
AI-generated from public news sources. Not financial advice.
