Japanese firm Daiwa initiates coverage of Snowflake (SNOW) with Buy rating and $210 price target.

From Yahoo Finance: 2025-04-02 13:17:00

Japanese investment bank Daiwa initiated coverage of Snowflake (SNOW) with a Buy rating and $210 price target, bullish on the data-infrastructure sector, labeling SNOW as a top player. Daiwa predicts increased profits for data-infrastructure companies due to generative AI software growth, product efficiency, and AI agent expansion. SNOW is Daiwa’s top pick in AI-related data infrastructure. Daiwa held 76,686 shares of SNOW stock as of last year, a significant increase from the previous quarter but a decline from earlier in the year. SNOW stock has dropped 14% in the last month but is up 1% in the last three months. While recognizing SNOW’s potential, there may be other AI stocks with greater return potential in a shorter timeframe.

Read more: Snowflake (SNOW) Stock Initiated With a Buy Rating by Japanese Firm