​Snowflake Inc. (NYSE:SNOW) is one of the Best SaaS Stocks to Buy Right Now. The share price of Snowflake Inc. (NYSE:SNOW) has fallen more than 17.7% since its fiscal Q3 2026 earnings release on December 3. The cautious investor sentiment comes despite the company exceeding Wall Street estimates and is mainly due to concerns regarding slowing growth. However, Wall Street maintains a positive outlook with analysts’ 12 month average price target reflecting more than 29% upside from the current level. ​Recen ...

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].