Shares of Snowflake Inc. stormed higher Thursday after analysts applauded partnerships and a "blizzard" of AI products.
Shares of Snowflake Inc. stormed higher Thursday after analysts said partnerships and a “blizzard of product announcements” unveiled at this week’s Summit 2023 event positioned it as a foundational AI player.
TD... Shares of Snowflake Inc. stormed higher Thursday after analysts said partnerships and a “blizzard of product announcements” unveiled at this week’s Summit 2023 event positioned it as a foundational AI player. TD Cowen analyst Derrick Wood, who has an outperform rating and a $205 price target, up from $185, said the company’s analyst day showed Snowflake has “a vision to be a complete AI stack.”“Overall, we felt like SNOW is laying the foundation to be in a leading position in the emerging GenAI wave,” Wood said in a note.
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