15 AI Stocks Surging on News and Analyst Ratings

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9. Snowflake Inc. (NYSE:SNOW)

Number of Hedge Fund Holders: 85

Snowflake Inc. (NYSE:SNOW) is a cloud-based data storage company providing a data analysis, storage, and sharing platform. One of the most notable analyst calls on Monday, May 19, was for Snowflake Inc. Goldman Sachs reiterates Snowflake as “Buy.” The firm said it is bullish on the stock heading into earnings on Wednesday.

“We continue viewing Snowflake as a high-quality asset capable of scaling to $10bn+ with durable mid-20′s topline growth and 25%+ FCFM [free cash flow model].”

On the same day, Snowflake also received a Buy rating and a $240.00 price target from Needham analyst Mike Cikos.

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