Analysts Reaffirm Bullish View on Snowflake Inc.’s (SNOW) AI Strategy

Snowflake Inc. (NYSE:SNOW) is among the best instrumentality learning stocks to bargain according to analysts. According to a February 2 study from The Fly, analysts from RBC Capital were ‘positive’ connected Snowflake’s $200 cardinal concern woody it signed with OpenAI connected February 2. Under the deal, OpenAI’s models volition beryllium integrated into Snowflake’s Cortex AI offerings, on with a associated go-to-market strategy. RBC rates the banal arsenic Outperform with a $300 terms target.

As per RBC Capital, this collaboration volition alteration associated endeavor customers to deploy context-aware AI applications straight connected Snowflake’s information platform. They besides reason that this concern builds connected Snowflake’s reported $100 cardinal successful AI-related yearly recurring gross and follows a akin collaboration woody with Anthropic, which strengthens Snowflake’s presumption arsenic a cardinal information furniture for endeavor AI adoption.

On the aforesaid day, Raymond James besides reaffirmed an Outperform standing connected Snowflake Inc. (NYSE:SNOW) pursuing the woody announcement. The steadfast believes that organizations providing ample connection models volition request specified deals to grow their footprint successful the endeavor space.

On the deal, Snowflake CEO Sridhar Ramaswamy stated:

Customers tin present harness each their endeavor cognition successful Snowflake unneurotic with the world-class quality of OpenAI models, enabling them to physique AI agents that are powerful, responsible, and trustworthy. Together, we’re mounting a caller modular for AI innovation, helping businesses alteration with confidence, portion maintaining beardown information and compliance standards.

Snowflake Inc. (NYSE:SNOW) provides a cloud-based information level that helps organisations store, manage, and stock information crossed aggregate nationalist clouds.  Its platform, called the Snowflake Data Cloud, supports divers workloads including information engineering, analytics, instrumentality learning, and unafraid collaboration.

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.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.