Snowflake (SNOW): DA Davidson Boosts Price Target to $300 Ahead of 3Q26 Earnings

Core Viewpoint - Snowflake Inc. is gaining attention as a leading AI stock, with DA Davidson raising its price target to $300 from $275 while maintaining a "Buy" rating, indicating strong confidence ahead of its upcoming earnings report [1][3]. Group 1: Earnings and Growth Insights - Snowflake's third-quarter earnings report is scheduled for December 3, which is expected to provide deeper insights into the company's performance and growth potential [2]. - Recent conversations and data indicate that Snowflake is experiencing strong growth across its product portfolio, particularly in its core data warehouse segment [3]. Group 2: Market Position and Analyst Sentiment - DA Davidson highlights Snowflake as one of the best stories in the software sector, reinforcing its positive outlook and reiterating the "Buy" rating [1][3]. - The firm’s analysis suggests that Snowflake is well-positioned within the cloud-based data storage market, benefiting from increasing demand for data analysis and sharing platforms [3].