Shares of Snowflake ( SNOW) gained about 3% Monday afternoon as Wedbush upgraded the stock, saying the cloud software provider is in the "sweet spot" to benefit from the booming demand for artificial intelligence (AI) products. The bank raised its rating on the stock to "outperform" from "neutral." It has a new price target of $190.

Snowflake Inc.'s stock is rising 3% in premarket trading on Monday after Wedbush analyst Daniel Ives upgraded the AI software maker to outperform from neutral. “Now its time for the broader software space to get in on the AI Party as we believe the use cases are exploding,

Wedbush Securities analyst Daniel Ives has significantly increased his optimism on the next phase of the AI revolution, focusing on its transformative impact on the software sector. The analyst projects a monumental shift driven by generative AI adoption,

Snowflake stock rallied today on a solid quarter and impressive guidance. Goldman Sachs analyst Kash Rangan sees upside in SNOW to $220.

Silicon Valley-based Snowflake is “in the sweet spot” to benefit from wider use of AI among businesses over the next 12 to 18 months, according to Wedbush analyst Dan Ives.

A Wall Street analyst upgraded Snowflake and Elastic as he pointed to software as the new key AI battleground.

Fintel reports that on November 25, 2024, Wedbush upgraded their outlook for Snowflake (NYSE:SNOW) from Neutral to Outperform. Analyst Price Forecast Suggests 3.97% Upside As of November 20, 2024, the average one-year price target for Snowflake is $174.