5 Best American Stocks to Buy and Hold for the Next Decade

3. Snowflake Inc. (NYSE:SNOW)

On May 29, 2026, Argus raised the firm’s price target on Snowflake Inc. (NYSE:SNOW) to $300 from $250 and maintained a Buy rating on the shares. Argus said Snowflake’s data management systems have become “critically fundamental” to enterprises building generative AI agentic applications, calling the company a “picks and shovels” play as “the GenAI revolution continues to explode.”

Citi also raised the firm’s price target on Snowflake Inc. (NYSE:SNOW) to $320 from $260 and maintained a Buy rating on the shares. Citi described the company’s Q1 report as “thesis-changing,” saying Snowflake’s revenue acceleration shows it is successfully monetizing AI workloads with Cortex Code.

On May 27, 2026, Snowflake Inc. (NYSE:SNOW) reported Q1 non-GAAP EPS of 39c, ahead of the consensus estimate of 32c. Revenue totaled $1.39B, above the consensus estimate of $1.32B. CEO Sridhar Ramaswamy said Snowflake delivered a “milestone quarter,” with product revenue of $1.33B, up 34% year-over-year. Ramaswamy also said AI remains a powerful tailwind and called Q1 a clear inflection point in Snowflake’s shift toward the Agentic Enterprise.

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

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