Snowflake Inc. (NYSE:SNOW) is one of the 14 AI Stocks Making Headlines on Wall Street: Qualcomm, Microsoft, and More.
Viewed more than just a cloud data platform, Benchmark sees Snowflake Inc. (NYSE:SNOW) as a mission-critical control plane for artificial intelligence
On June 2, analyst Yi Fu Lee reiterated a Buy rating and $270.00 price target on the stock. We reiterate our Buy rating and maintain our price target at $270 (under review pending investor session today) following day one of Snowflake Summit 2026 opening keynote and preliminary checks. Benchmark’s bullish case follows the first day of Snowflake Summit 2026, reinforcing confidence in the company’s long-term AI positioning.
Firm analysts discussed how the company has had a “monster” start to F1Q27. During the quarter, the company raised its FY27 product revenue guidance by 400bps to 31% year-over-year growth. The Snowflake team is using the summit to highlight its long-term vision as well as its recent technology innovations.