Deutsche Bank Sticks With Buy on Snowflake (SNOW) Ahead of Q2 Results

Snowflake Inc. (NYSE:SNOW) is one of the Trending AI Stocks on Wall Street. On August 11, Deutsche Bank reaffirmed the stock as Buy.

The firm remains optimistic on Snowflake due to its anticipations of strong results when the company reports later this month.

It predicts a 3%–4% beat on product revenue in fiscal Q2, with year-over-year growth accelerating for the first time in several years.

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $235 implies a 21.7% upside; however, the Street-high target of $440 implies an upside of 127.9%.

Snowflake Inc. (NYSE:SNOW) is a cloud-based data storage company providing a data analysis, storage, and sharing platform.

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Disclosure: None.