Snowflake Impresses at User Conference and Investor Day – UBS Anticipates Multi-Year Investment Cycle!

Snowflake (SNOW) is strategically positioning itself as a data platform that enables the rapid and secure implementation of AI projects. During the analyst day, management discussed the market potential and forecasts a total addressable market of $355 billion by fiscal year 2029, more than doubling. Analysts at UBS upgraded their price target from $210 to $265 and adjusted their rating from Neutral to Buy, marking a significant increase. The experts expect, based on current discussions with customers and partners, that Snowflake will see considerably...