10 AI Stocks on the Move

7. Snowflake Inc. (NYSE:SNOW)

Number of Hedge Fund Holders: 85

Snowflake Inc. (NYSE:SNOW) is a cloud-based data storage company providing a data analysis, storage, and sharing platform. On April 14, DA Davidson reduced its price target on the stock from $225 to $200 while maintaining a Buy rating. The rating was issued as part of the firm’s broader analysis of the Software sector, driven by updated economic assumptions. According to the firm, even though the macroeconomic environment is shaky and there is a possible deceleration in both consumer activity and corporate investment, Snowflake continues to be a recommended stock.