Wedbush upgrades Snowflake and Elastic to Outperform due to AI industry potential

From Investing.com: 2024-11-24 19:15:17

Wedbush upgraded Snowflake and Elastic to Outperform, citing potential in AI industry. Both firms expected to benefit from AI use cases in cloud computing. Cloud firms like Snowflake and Elastic saw strong earnings, driving stock prices up. Palantir’s price target raised to $75, Salesforce to $375, reflecting increased confidence in AI strategies and demand.



Read more at Investing.com: Webush upgrades Snowflake, Elastic to Outperform on AI optimism By Investing.com