Citizens JMP Raises Snowflake (SNOW) PT to $325, Reiterates Outperform Rating

Snowflake Inc. (NYSE:SNOW) is one of the best NYSE stocks to buy and hold for the next decade. On October 28, Citizens JMP analyst Patrick Walravens raised the firm’s price target on Snowflake to $325 from $283, while maintaining an Outperform rating on the shares. Walravens noted that Citizens JMP continues to view Snowflake as an attractive opportunity for capital appreciation.

Citizens JMP Raises Snowflake (SNOW) PT to $325, Reiterates Outperform Rating

Furthermore, earlier, on October 17, Oppenheimer analyst Ittai Kidron raised the firm’s price target on Snowflake to $295 from $175 and kept an Outperform rating on the shares. Kidron believes that most companies in this sector are positioned to report revenue upside and modestly increase their fiscal year guidance.

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

While we acknowledge the potential of SNOW to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SNOW and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.