Analysts Raise Price Targets for Snowflake (SNOW)

Snowflake Inc. (NYSE:SNOW) is one of the 15 Best Performing AI Stocks Heading into 2026. On November 24, Jefferies increased its price target on Snowflake Inc. (NYSE:SNOW) from $270 to $300 and kept its Buy rating.

The research firm mentioned strong demand for Snowflake Inc.’s (NYSE:SNOW) services based on its proprietary survey. Jefferies noted that artificial intelligence is emerging as the driving force of this growth. The firm also pointed to positive signs that support its bullish outlook on Snowflake Inc. (NYSE:SNOW). These include pipeline strength and growing partnerships.

Earlier, on November 17, Bank of America raised its price target on Snowflake Inc. (NYSE:SNOW) from $280 to $310 and reiterated a Buy rating.

On November 12, RBC Capital analyst Matthew Hedberg had also increased the price target on Snowflake Inc. (NYSE:SNOW) from $275 to $300 and maintained an Outperform rating. This update came as part of a broader research note previewing third-quarter results in the software industry.

The analyst noted that software stocks are seeing volatility because of investors focusing on AI winners. However, RBC Capital’s checks showed better results compared to previous quarters from cybersecurity vendors in October.

Snowflake Inc. (NYSE:SNOW) is an American cloud-based data platform company. It offers an AI Data Cloud platform, which enables organizations to build, use, and share data, applications, and AI.

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.