Snowflake Faces Rising Competition From Hyperscalers, Databricks - Snowflake (NYSE:SNOW)

Snowflake Inc. (NYSE:SNOW) traded little changed Friday as investors weighed its AI-driven growth narrative against rising competition and a premium valuation.The company is pitching its platform as essential infrastructure for enterprise analytics and AI workloads.Analysts’ TakeBank Of America analyst Koji Ikeda reiterated the Buy rating on the stock, lowering the price forecast from $310 to $275.The analyst writes that investors debate whether product revenue can maintain a high 20% growth or reaccelerate ...