10 AI Stocks Making Waves on Wall Street

8. Snowflake Inc. (NYSE:SNOW)

Number of Hedge Fund Holders: 94

Snowflake Inc. (NYSE:SNOW) is one of the 10 AI Stocks Making Waves on Wall Street. On June 25, D.A. Davidson initiated the stock as “Buy”. The firm believes that the company is “best-of-breed.”

“We are initiating coverage of NOW with a BUY rating and a $1,150 price target. ServiceNow has been a market leading business automation provider for over two decades now.”

In other news, KeyBanc analyst Eric Heath raised the firm’s price target on Snowflake to $250 from $220 and kept an “Overweight” rating on the shares. The firm quoted “positive” results from its CIO survey for the price target increase.

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