Citi Updates Model Following Robust AI Performance at Snowflake Inc. (SNOW)

Snowflake Inc. (NYSE:SNOW) is among the 13 Best Big Tech Stocks to Buy According to Hedge Funds.

Snowflake Inc. (NYSE:SNOW) is among the best exertion stocks.

TheFly reported connected February 26 that Citi raised its terms people for SNOW from $270 to $280 portion maintaining a Buy rating. Citi noted that the company's Q4 results showed stronger AI momentum entering fiscal 2027 and prompted an update to the firm’s model.

The fourth-quarter and full-year fiscal 2026 results of Snowflake Inc. (NYSE:SNOW), which concluded connected January 31, 2026, were released connected February 25. The company's Q4 merchandise income were $1.23 billion, up 30% from the erstwhile year, and its remaining show commitments accrued 42% to $9.77 billion.

SNOW besides revealed that it added 733 caller high-value consumers to its portfolio, including a grounds fig of customers who spent implicit $10 cardinal and 740 nett caller customers, 40% much than the twelvemonth before. The results item SNOW's absorption connected gaining caller customers and forming strategical partnerships, which are supported by its concern AI platform, governance, and cross-cloud interoperability.

To beforehand sustainable, semipermanent growth, enactment placed a beardown accent connected innovation, focused execution, and operational alignment. As SNOW approaches fiscal 2027, these outcomes enactment the institution successful a beardown presumption to pb the firm AI manufacture portion upholding operational rigor and momentum.

Snowflake Inc. (NYSE:SNOW) is simply a cloud-based information level that enables organizations to store, analyze, and stock information securely. It offers scalable information warehousing, information lakes, and information collaboration solutions, helping businesses thrust insights and marque data-driven decisions efficiently.

While we admit the imaginable of SNOW arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 14 Best GARP Stocks to Buy According to Analysts and 14 Best Affordable Dividend Stocks to Buy According to Analysts.

Disclosure: None. Follow Insider Monkey connected Google News.