Citizens JMP Sees Continued Upside in Snowflake (SNOW), Maintains $260 PT

Snowflake Inc. (NYSE:SNOW) is one of the AI Stocks Hit with New Analyst Ratings. On August 26, Citizens JMP analyst Joe Goodwin reiterated a Market Outperform rating on the stock with a $260.00 price target. The rating affirmation comes ahead of the company’s earnings print due today, August 27th.

The firm collected 27 data points on the company, of which 85% were positive this quarter compared to the previous 50%. It also talked about the MIT Networked Agents and Decentralized AI (NANDA) report.

“We maintain our Market Outperform rating and $260 price target on Snowflake, which reports F2Q results after the close on Wednesday after: 1) we have collected 27 data points on the company (85% positive this quarter versus 50% positive last quarter; 2) the MIT Networked Agents and Decentralized AI (NANDA) initiative published a report titled “State of AI in Business 2025” finding that just 5% of integrated AI pilots are extracting millions in value, while the vast majority remain stuck with no measurable P&L impact; and 3) the stock has increased 26% year-to-date versus an increase of 9% for the S&P 500 and 9% for the Russell 3000.”

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

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Disclosure: None.