Jefferies Raises Snowflake (SNOW) PT to $300, Citing Strong AI-Driven Demand

Core Viewpoint - Snowflake Inc. (NYSE:SNOW) is recognized as a leading AI stock, with Jefferies raising its price target to $300 from $270, maintaining a "Buy" rating due to strong AI-driven demand [1][3]. Group 1: Investment Outlook - Jefferies has identified Snowflake as its "Top Pick," anticipating strong performance in the second half of the year based on pipeline strength and partner growth outlooks [2][3]. - The proprietary survey conducted by Jefferies indicates robust demand for Snowflake, driven primarily by AI, which is expected to contribute to incremental growth [3]. Group 2: Company Profile - Snowflake Inc. operates as a cloud-based data storage company, providing a platform for data analysis, storage, and sharing [4].