Snowflake Inc. (NYSE:SNOW) is a leading AI stock on Wall Street with an Outperform rating. Raymond James analyst raised price target to $230 after a strong quarter with revenue of $1.14 billion, beating estimates. Adjusted EPS at $0.38 and full-year guidance raised to $4.395 billion.

CEO Sridhar Ramaswamy emphasizes Snowflake’s AI data platform leadership. The company reported strong financials, with revenue surpassing estimates and raised full-year guidance. Analysts maintain an Outperform rating with a price target of $230, citing positive traction in AI platforms and use cases. Shares rose 10% after-hours.

Snowflake Inc. (NYSE:SNOW) provides cloud-based data storage and analysis services. While SNOW shows investment potential, other AI stocks may offer greater upside and less risk. For those seeking undervalued AI stocks, a free report on the best short-term AI stock is available. No disclosures.

Read more at Yahoo Finance: Raymond James Stays Bullish on Snowflake (SNOW) After Beat-and-Raise Quarter