From Yahoo Finance: 2025-06-29 12:53:00

Snowflake Inc. (NYSE:SNOW) is ranked among the best fundamental stocks to buy according to hedge funds. Truist Securities reiterated a Buy rating and $235 price target after a positive mid-year IT spending survey. The survey highlighted Snowflake’s data cloud offerings and predicted continued growth momentum.

Truist Securities noted Snowflake’s advancements in artificial intelligence during recent investor sessions and user conferences. The firm believes Snowflake is well-positioned to handle additional workloads as investments in AI continue to rise. Snowflake operates a platform on Amazon Web Services, Microsoft Azure, and Google Cloud.

Snowflake Inc. (NYSE:SNOW) offers Snowflake Cortex with AI capabilities for analyzing unstructured data. While Snowflake has investment potential, some AI stocks may offer greater upside potential and lower downside risk. For undervalued AI stock options, consider the best short-term AI stock highlighted in a free report.

Snowflake Inc. (NYSE:SNOW) continues to gain momentum in AI and data cloud technology, according to Truist Securities. The company’s positive survey results and advancements in artificial intelligence position it well for future growth. Snowflake’s platform operates on major cloud providers and offers AI capabilities for data analysis.

Read more: Snowflake Gains Momentum in AI and Data Cloud, Says Truist Securities