RBC Capital Raises Snowflake (SNOW) Price Target, Maintains Outperform Rating

RBC Capital has raised its price target on Snowflake Inc. (NYSE:SNOW) to $250 from $236, reaffirming its Outperform rating after gathering encouraging feedback at the 2025 Snowflake Summit and the company’s investor day. Analysts cited favorable impressions of Snowflake’s evolving strategy and product developments as key reasons for the upward revision.

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Attendees at the events responded positively to Snowflake Inc. (NYSE:SNOW)’s competitive standing, particularly its ability to defend market share in a crowded data cloud space. The firm also noted increasing adoption of Snowflake’s newer offerings, which are gaining traction across enterprise customers looking for scalable data solutions. Among the highlights were Snowflake’s AI initiatives, which are becoming a central component of its future roadmap. RBC emphasized that the company’s positioning in the AI infrastructure layer, particularly in enabling machine learning workflows and real-time analytics, is strengthening as demand for intelligent data applications accelerates.

In addition to AI, Snowflake’s updated product roadmap impressed analysts, showcasing enhancements aimed at improving performance, cost optimization, and multi-cloud interoperability. These updates are expected to deepen customer engagement and extend Snowflake’s relevance across a broader set of use cases. While the company did not provide financial guidance due to its ongoing CFO search, RBC remains confident in management’s strategic direction. The firm believes Snowflake Inc. (NYSE:SNOW) is well-positioned to capitalize on structural tailwinds in cloud data and analytics over the long term.

While we acknowledge the potential of SNOW as an investment, 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.