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Snowflake (SNOW) Sees $10B Revenue in Sight — Wall Street Boosts Price Target

Snowflake Inc. (NYSE:SNOW) is one of the AI Stocks Analysts are Tracking CloselyOn October 28, Citizens raised its price target on the stock to $325.00 from $283.00 while maintaining a Market Outperform rating.

The price target raise follows comments made by Snowflake’s Chief Revenue Officer Mike Gannon in a video interview. Based on the comments, the firm continues to view Snowflake as an attractive opportunity for capital appreciation.

“We maintain our Market Outperform rating and raise our price target to $325 from $283 after James (Jack) Dumoulin from the Instagram account ‘theschoolofhardknockz’ posted a video where he interviewed CRO Mike Gannon outside the New York Stock Exchange and asked, ‘What did you guys do in revenue this last year’ to which he replied, ‘So we’re gonna exit this year probably just over about $4.5B… and we’re getting to $10B in a couple years,’ which may constitute selective disclosure under Regulation FD — all of which left the stock up 3% intraday, after having increased ~73% year to date versus an increase of 15% for the S&P 500 and 16% for the Russell 3000.”

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

While we acknowledge the risk and potential of SNOW  as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SNOW and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 AI Stocks Analysts Are Watching Closely and 11 Must-Watch AI Stocks on Wall Street

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

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And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

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