Global Artificial Intelligence (AI) Infrastructure Anticipated to Reach Around $420 Billion By 2033
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Snowflake Inc. (SNOW) PT Lowered to $160 at Jefferies
June 7, 2024 1:08 PM EDTJefferies analyst Brent Thill lowered the price target on Snowflake Inc. (NYSE: SNOW) to $160.00 (from $210.00) while maintaining a Buy rating.
The analyst comments "SNOW is in a transition year with a product cycle and a new CEO. As it races... More
Goldman Sachs Reiterates Conviction Buy Rating on NVIDIA (NVDA) Following Mgmt Meet
June 5, 2024 3:14 PM EDTGoldman Sachs analyst Toshiya Hari reiterated a Conviction Buy rating and $1,200.00 price target on NVIDIA (NASDAQ: NVDA).
The analyst comments "We attended a group meeting with Founder, President and CEO Jensen Huang in Taiwan on the side of Computex 2024. Mr. Huang discussed his... More
RBC cuts Snowflake (SNOW) target following analyst day
June 5, 2024 12:43 PM EDTSnowflake (NYSE: SNOW) held its Summit 2024 and annual Analyst Day in San Francisco on Tuesday. Here's how analysts reacted:
Following the event, RBC Capital maintained an Outperform rating on the stock but cut the price target to $183 from $226 per share, saying the event did not significantly change their thesis.
"The focus centered on 1) the data cloud market is expected to be a $342B CY/28E TAM, 2) the company is focused on a... More
Goldman Sachs Reiterates Buy Rating on Snowflake Inc. (SNOW)
June 5, 2024 10:12 AM EDTGoldman Sachs analyst Kash Rangan reiterated a Buy rating and $220.00 price target on Snowflake Inc. (NYSE: SNOW).
The analyst comments "We reiterate our Buy rating and $220 Price Target on Snowflake after attending the Data Cloud Summit and Investor Day. We walked away more confident that Snowflake is uniquely suited to be a long-term Gen-AI winner as value extends beyond the infrastructure layer (re: model training) to the... More
