Snowflake gains momentum with AI and data cloud, says Truist Securities

Snowflake Inc. (NYSE:snow) rank between Best stocks to buy according to hedge funds. On June 18th, Truist Securities revised its purchase rating and $235 price target for Snowflake Inc. (NYSE: Snow).

Research reveals that Snowflake’s data cloud offering remains common, suggesting that momentum will continue to increase. In particular, Truist seemed somewhat surprised by the positive findings on adoption of the new product.

Truist also pointed to advances during Snowflake’s recent investor sessions and user meetings, highlighting the company’s notable advances in artificial intelligence over the past two years. With AI vertical investments continuing to grow, researchers believe Snowflake Inc. (NYSE: Snow) is ideally located to take on additional workloads.

Snowflake Inc. (NYSE: Snow) is an American cloud-based data storage company that operates a platform built on Amazon Web Services, Microsoft Azure and Google Cloud. It also provides a set of AI capabilities for the snowflake cortex to analyze unstructured data using large-scale language models.

Although they accept snow potential as an investment, they believe certain AI stocks offer a greater reverse chance, pose a risk of decline. If you’re looking for a highly undervalued AI stock that can make a significant profit from the tariff and supervision trends of the Trump era, check out our free report. Best Short-Term AI Stocks.

read more: 10 Best Magic Formula Stocks of 2025 and Best Retirement Stocks to Buy According to Hedge Funds

Disclosure: None.