Goldman Sachs Lowers its Price Target on Snowflake Inc. (SNOW) to $246 but Maintains a Buy Rating

Group 1: Company Overview - Snowflake Inc. (NYSE:SNOW) provides a cloud-based data platform that enables organizations to consolidate data, build applications, and apply artificial intelligence to generate business insights [3]. Group 2: Recent Developments - On February 2, 2026, Snowflake announced a multi-year, $200 million collaboration with OpenAI aimed at helping enterprises derive more value from proprietary data using AI, making OpenAI models natively available to Snowflake's 12,600 global customers [2]. - On February 11, 2026, Goldman Sachs lowered its price target on Snowflake to $246 from $286 but maintained a Buy rating, expecting solid fundamentals that demonstrate resilience relative to the broader software sector [1]. - RBC Capital reduced its price target on Snowflake to $245 from $300 while keeping an Outperform rating, citing negative investor sentiment toward software and a preference for companies with clearer paths to AI monetization [1].