Analysts Reaffirm Bullish View on Snowflake Inc.’s (SNOW) AI Strategy

Group 1 - Snowflake Inc. has signed a $200 million partnership deal with OpenAI to integrate OpenAI's models into Snowflake's Cortex AI offerings, which analysts view positively [1][2] - RBC Capital rates Snowflake as Outperform with a price target of $300, highlighting the potential for joint enterprise customers to deploy context-aware AI applications on Snowflake's platform [1][2] - Raymond James also reaffirmed an Outperform rating on Snowflake, emphasizing the necessity of such partnerships for organizations providing large language models to expand in the enterprise space [3] Group 2 - Snowflake's platform, the Snowflake Data Cloud, supports various workloads including data engineering, analytics, machine learning, and secure collaboration, positioning it as a central data layer for enterprise AI adoption [4][2] - The company reported $100 million in AI-related annual recurring revenue, indicating a strong foothold in the AI market [2]