10 AI Stocks in Focus on Wall Street

6. Snowflake Inc. (NYSE:SNOW)

Number of Hedge Fund Holders: 100

Snowflake Inc. (NYSE:SNOW) is one of the 10 AI Stocks in Focus on Wall Street. On November 21, Oppenheimer maintained its “Outperform” rating on the stock with a $295.00 price target. The firm is optimistic about the stock, citing encouraging third-quarter checks, resilient AI/ML momentum, and healthy product adoption that signal another strong quarter for the company.

Despite increasing competitive headwinds from Databricks, Snowflake’s checks have been encouraging and signal another strong quarter based on broad based consumption across regions/verticals.

Moreover, while a tough 2QFY26 comparison (+31.8%) may not allow for total revenue YoY growth acceleration, the firm believes that growth could approach 29-30%, potentially beating the consensus estimate of 25.6%.

The firms’ checks have been positive, with Snowflake seeing strong demand for its products and continued momentum for new tools such as Snowpark and Cortex. These factors will enable Snowflake to sustain NRR at 125% and support healthy consumption trends.

“With 3QFY26 Street expectations for product growth (+25.6% YoY) and OM (9.3%) modeled in-line with guidance of +25–26% and 9%, we see beatable targets that keep investors engaged. Reiterate Snowflake as a top pick.”

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