Snowflake’s (SNOW) Vertical AI Expansion Draws Analyst Optimism From Mizuho

Core Insights - Snowflake Inc. is gaining attention as a trending AI stock, with Mizuho analyst Gregg Moskowitz maintaining an Outperform rating and a price target of $260.00 [1] - The company has launched its first vertical-specific offering, Cortex AI for Financial Services, marking its entry into industry-focused AI tools [1] - CEO Sridhar Ramaswamy emphasized the importance of building an open data ecosystem [1] Company Developments - Partner checks indicate steady progress in migrating legacy systems and increasing interest in Snowflake's Cortex AI and Openflow offerings [2] - Mizuho anticipates healthy consumption activity and trends in enterprise modernization to support growth into fiscal 2026 [3] - The firm highlighted multiple growth drivers, including new product launches and improved go-to-market strategies [3] Industry Context - Snowflake operates as a cloud-based data storage company, providing a platform for data analysis, storage, and sharing [3]