Top 10 Trending AI Stocks on Latest News and Ratings

3. Snowflake Inc (NYSE:SNOW)

Number of Hedge Fund Holders: 85

Snowflake Inc (NYSE:SNOW) is a software application company that provides a cloud-based data platform. It offers Data Cloud, which enables customers to consolidate data. The company also provides AI solutions that allow teams to run analytical workflows on unstructured data. On February 25, Rosenblatt reiterated a Buy rating on the stock and increased the price target to $205 from $186.

According to Rosenblatt, Snowflake Inc (NYSE:SNOW) is well-positioned to benefit from heightened cloud migrations amid the artificial intelligence boom. Enterprise AI initiatives and the launch of new products are other key factors expected to bolster the company’s product revenue growth. For the fourth quarter, Rosenblatt expects the company to either meet or slightly exceed its estimated organic growth rate of roughly 23% year over year.