10 AI Stocks Taking Wall Street by Storm

3. Snowflake Inc. (NYSE:SNOW)

Number of Hedge Fund Holders: 71

Snowflake Inc. (NYSE:SNOW) is an enterprise software giant and an artificial intelligence data cloud company. On December 16, Jefferies raised the firm’s price target on Snowflake to $200 from $180 and kept a “Buy” rating on the shares. The firm highlights that Snowflake’s new CEO is focusing on strengthening artificial intelligence products, placing it as an “AI beneficiary” as companies build out data and AI foundations in 2025. The firm believes that Snowflake is headed towards a turning point this new year, driven by strong backlog growth and the dominating role of AI in boosting margins. As such, Jefferies has increased the price as part of a 225-page analysis of the top software AI debates of 2025.