10 AI News Making Waves Today

5. Snowflake Inc. (NYSE:SNOW)

Market Capitalization: $41.89 billion

Snowflake Inc. (NYSE:SNOW) offers a cloud-native platform that can store and analyze all data records in one place. It empowers businesses to build, manage, and scale AI and machine learning applications.

On November 15, Mizuho Securities raised the price target for several enterprise stocks ahead of their earnings. According to the firm, cloud services have been performing well in the October period. The elections didn’t significantly impact spending, and the adoption of artificial intelligence is picking up pace too. That said, one of their favorite October-ending stock to own ahead of the prints is Snowflake Inc. (NYSE:SNOW). The firm reiterated its $165 price target and “Outperform” rating on the stock. As per the analysts, despite negative investor sentiment, partner checks have been positive with solid overall consumption and one large net new logo win.