Snowflake Stock Target 325 Dollars! An Opportunity Not to Be Missed for Investors

Snowflake Inc. (NYSE:SNOW) is being highlighted as one of the best NYSE stocks to buy and hold over the next decade. On October 28, Citizens JMP analyst Patrick Walravens raised Snowflake's stock price target from $283 to $325 and rated the stock as 'Outperform'. Walravens noted that Citizens JMP continues to view Snowflake as an attractive opportunity for capital valuation.

Previously, on October 17, Oppenheimer analyst Ittai Kidron also raised Snowflake's price target from $175 to $295, maintaining an 'Outperform' rating. Kidron believes that many companies in this sector have the capacity to report revenue growth and modestly increase their fiscal year guidance.

Snowflake Inc. (NYSE:SNOW) provides a cloud-based data platform for various organizations both in the U.S. and internationally. However, while acknowledging SHNO's investment potential, we believe that certain artificial intelligence stocks have greater upward potential and carry less downside risk.