Snowflake's (SNOW) Vertical AI Expansion Draws Analyst Optimism From Mizuho

Snowflake Inc. (NYSE:SNOW) is one of the Trending AI Stocks on Wall Street’s Radar. On October 6, Mizuho analyst Gregg Moskowitz reiterated an Outperform rating on the stock with a $260.00 price target.

The firm discussed Snowflake’s launch of its first ever vertical-specific offering, Cortex AI for Financial Services, which is its first industry-focused suite of AI tools. CEO Sridhar Ramaswamy also placed emphasis on the company’s focus on building an open data ecosystem.

Partner checks reveal steady progress in legacy systems migrations coupled with rising interest in the company’s emerging Cortex AI and Openflow offerings.

Mizuho further anticipates healthy consumption activity and secular trends driving enterprise modernization trends to sustain growth into fiscal 2026. It also talked about multiple growth drivers ahead, such as several new products and improving go-to-market strategies.

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

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