Snowflake, Elastic Poised For AI Revolution Gains, Analyst Upgrades The Stocks

Wedbush Securities analyst Daniel Ives has significantly increased his optimism on the next phase of the AI revolution, focusing on its transformative impact on the software sector.The analyst projects a monumental shift driven by generative AI adoption, enterprise consumption, and large language model (LLM) launches. As a result, Ives has upgraded Snowflake Inc SNOW and Elastic NV ESTC to Outperform and raised price targets for Palantir Technologies Inc PLTR and Salesforce Inc CRM to reflect their enhanced ...