Citizens JMP Raises Snowflake (SNOW) PT to $325, Reiterates Outperform Rating

Snowflake Inc. (NYSE:SNOW) is one of the best NYSE stocks to buy and hold for the next decade. On October 28, Citizens JMP analyst Patrick Walravens raised the firm’s price target on Snowflake to $325 from $283, while maintaining an Outperform rating on the shares. Walravens noted that Citizens JMP continues to view Snowflake as an attractive opportunity for capital appreciation.

Furthermore, earlier, on October 17, Oppenheimer analyst Ittai Kidron raised the firm’s price target on Snowflake to $295 from $175 and kept an Outperform rating on the shares. Kidron believes that most companies in this sector are positioned to report revenue upside and modestly increase their fiscal year guidance.

Snowflake Inc. (NYSE:SNOW) provides a cloud-based data platform for various organizations in the US and internationally.

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. This article is originally published at Insider Monkey.