Citizens JMP Raises PT on Snowflake Inc. (SNOW) from $245 to $260; Maintains 'Outperform' Rating

With impressive year-to-date performance and significant hedge fund interest, Snowflake Inc. (NYSE:SNOW) secures a spot on our list of the 12 Unstoppable Artificial Intelligence (AI) Stocks to Buy Right Now.

On July 18, 2025, Citizens JMP raised its price target on Snowflake Inc. (NYSE:SNOW) from $245 to $260. Maintaining an ‘Outperform’ rating, the analyst cites the company’s differentiated platform and strong total addressable market. Furthermore, the analyst expressed confidence in the company’s robust leadership to drive its future growth.

With this valuation for Snowflake Inc. (NYSE:SNOW), the analyst implies a 2026 EV/Revenue multiple of 16.3x (up from 15.3x) and a free cash flow multiple of 63x (up from 59x), placing the company’s multiples above the peer group averages.

With its cloud-based data platform, Snowflake Inc. (NYSE:SNOW) offers scalable, flexible solutions for warehousing, data lakes, engineering, data science, and sharing. It is included in our list of the unstoppable stocks.

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.

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Disclosure: None.