Latest news with #CrunchyData
Yahoo
26-07-2025
- Business
- Yahoo
Cantor Reaffirms Buy on Snowflake (SNOW), Cites Strong Summit and Growth Outlook
Snowflake Inc. (NYSE:SNOW) ranks among the . Cantor Fitzgerald reaffirmed its Overweight rating and $242 price target for Snowflake Inc. (NYSE:SNOW) on June 9. Cantor's Thomas Blakey emphasized the company's solid positioning after the Snowflake Summit 2025 in San Francisco. At the event, Snowflake Inc. (NYSE:SNOW) demonstrated its significance in enterprise data stacks. Although the effects of AI now appear to be minor, discussions have raised the possibility of short-term adjustments. One strategic step to expand Snowflake's product line is the acquisition of Crunchy Data, a PostgreSQL-focused business. Snowflake's go-to-market approach, which now seems more targeted, also impressed analysts. The company's shares seem to be valued at a premium due to its ongoing pace in growing its core cloud data warehouse and its potential in additional product areas, which are still in their infancy. Snowflake Inc. (NYSE:SNOW) is an American cloud-based data storage company that operates a platform built on Amazon Web Services, Microsoft Azure, and Google Cloud. It also provides Snowflake Cortex with a set of AI capabilities that employ large language models to analyze unstructured data. While we acknowledge the potential of SNOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-06-2025
- Business
- Yahoo
BTIG raises Snowflake stock price target citing AI initiatives
BTIG raised its price target for Snowflake (NYSE: SNOW) to $235, up from $225 in early June, while holding onto its Buy rating. The move doesn't come from any new financial projections—in fact, Snowflake's latest presentation offered no updates on long-term growth metrics or revenue guidance. What BTIG did like was the direction. The firm pointed to steady product momentum and a clear focus on expanding Snowflake's core platform. Revenue growth clocked in at 27.5% over the past year, and Snowflake's efforts to simplify and automate through AI seem to be resonating. The firm also flagged Snowflake's recent acquisition of Crunchy Data as a smart play. It may strengthen the company's position in building out next-gen apps, especially in environments that prioritize flexibility and performance. Two more details stood out: growing adoption of Iceberg Tables — a key data architecture trend — and signs that the sales team is expanding. BTIG sees both as short-term and mid-term growth drivers. While we acknowledge the potential of SNOW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-06-2025
- Business
- Yahoo
BTIG raises Snowflake stock price target citing AI initiatives
BTIG raised its price target for Snowflake (NYSE: SNOW) to $235, up from $225 in early June, while holding onto its Buy rating. The move doesn't come from any new financial projections—in fact, Snowflake's latest presentation offered no updates on long-term growth metrics or revenue guidance. What BTIG did like was the direction. The firm pointed to steady product momentum and a clear focus on expanding Snowflake's core platform. Revenue growth clocked in at 27.5% over the past year, and Snowflake's efforts to simplify and automate through AI seem to be resonating. The firm also flagged Snowflake's recent acquisition of Crunchy Data as a smart play. It may strengthen the company's position in building out next-gen apps, especially in environments that prioritize flexibility and performance. Two more details stood out: growing adoption of Iceberg Tables — a key data architecture trend — and signs that the sales team is expanding. BTIG sees both as short-term and mid-term growth drivers. While we acknowledge the potential of SNOW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-06-2025
- Business
- Yahoo
Oppenheimer Increases Snowflake (SNOW) PT, Maintains Outperform Rating
Snowflake Inc. (NASDAQ:SNOW) is one of the 10 tech stocks on Wall Street's radar right now. On June 6, Oppenheimer raised Snowflake Inc.'s (NASDAQ:SNOW) price target to $250 from $225, while maintaining an Outperform rating. As the firm revised the company's price target, it pointed toward Snowflake's Summit'25, which took place in the first week of June. Its keynote speakers included some well-known faces, including Sridhar Ramaswamy, Sam Altman, and Sarah Guo. Oppenheimer noted that the event emphasized stronger data lifecycle support, faster product development, and entry into transactional workloads following the Crunchy Data acquisition. Snowflake (NASDAQ:SNOW) announced at the event that it plans to acquire Crunchy Data, a leading open-source Postgres provider, to launch Snowflake Postgres, which is an enterprise-grade PostgreSQL database tailored for AI applications. A software engineer at work, surrounded by a wall of computer monitors connected to a 'Data Cloud' platform. Oppenheimer's data shows that customer feedback revealed rising adoption of Snowflake due to its user-friendly platform. The firm believes the company's broader product range reflects stronger execution and adaptability, which encourages customers to store more data and develop more applications on its platform. Snowflake (NASDAQ:SNOW) offers a cloud-based data platform that helps organizations centralize their data to generate insights, develop data applications, share data products, and apply AI to address business challenges. While we acknowledge the potential of SNOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
04-06-2025
- Business
- Yahoo
Snowflake CEO Shares M&A, Partnership Approach
Snowflake CEO Sridhar Ramaswamy discusses the company's latest acquisition of Crunchy Data and its partnership with the LA Olympics. Ramaswamy joins Bloomberg's Caroline Hyde ahead of the Snowflake Summit. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
