Top 10 AI News Updates Investors Should Not Miss

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3. Snowflake Inc (NYSE:SNOW)

Number of Hedge Fund Holders: 71

Snowflake Inc (NYSE:SNOW) is a technology company that provides a cloud-based data platform. It offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights. Mizuho analyst Gregg Markowitz raised the stock’s price target to $205 from $195 on February 12th and reiterated an Outperform rating.

The bullish rating comes amid improving demand patterns across the software sector, especially in data analytics and software as a service. The price target increase also affirms belief in Snowflake Inc’s (NYSE:SNOW) continued growth and success as it integrates artificial intelligence features into its solutions to strengthen its competitive cloud data platform. The company remains backed by a strong lineup of products, especially in AI, and is ready to contribute to growth.

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