Analysts Raise Price Targets for Snowflake (SNOW)

Core Viewpoint - Snowflake Inc. (NYSE:SNOW) is recognized as one of the top-performing AI stocks as it heads into 2026, with multiple analysts raising their price targets and maintaining positive ratings [1][3]. Group 1: Analyst Ratings and Price Targets - Jefferies increased its price target for Snowflake from $270 to $300 while maintaining a Buy rating [1]. - Bank of America raised its price target from $280 to $310, reiterating a Buy rating [3]. - RBC Capital increased its price target from $275 to $300 and maintained an Outperform rating [3]. Group 2: Demand and Growth Drivers - Strong demand for Snowflake's services is supported by a proprietary survey conducted by Jefferies, highlighting artificial intelligence as a key growth driver [2]. - Positive indicators for Snowflake's growth include pipeline strength and expanding partnerships [2]. Group 3: Market Context - The software sector is experiencing volatility as investors focus on AI winners, with Snowflake positioned favorably within this context [4]. - Recent checks by RBC Capital indicated improved results from cybersecurity vendors, suggesting a positive trend in the software industry [4].