Snowflake stock was rising slightly on Wednesday after a BofA Securities analyst upgraded shares of the cloud-based data storage company on confidence there’s solid demand as customers are investing in data services to support artificial intelligence. Brad Sills upgraded shares of Snowflake to Buy from Neutral and raised his price target to $240 from $220 on Wednesday. “Demand is strengthening as customers look to Snowflake as a key component in the AI tech stack,” Sills wrote in a research note.
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Snowflake Stock Gets an Upgrade Ahead of Earnings
Published 2 months ago
Aug 20, 2025 at 4:59 PM
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