DA Davidson lowers Snowflake Inc. (SNOW) price target due to economic slowdown concerns

From Yahoo Finance: 2025-04-21 10:31:00

12 AI Stocks on Wall Street’s Radar are being analyzed, including Snowflake Inc. (NYSE:SNOW). House Democrats are urging to stop unauthorized AI tool use in government, citing potential risks. President Trump launches DOGE to cut government waste, with Elon Musk leading the effort.

Democrats demand White House halt use of unauthorized AI systems in government. Concerns raised about employee monitoring and data access. Questions emerge about potential conflicts of interest, particularly with Musk’s company, xAI.

White House introduces new policies on federal agency AI use. President Trump emphasizes AI’s importance in defining the future. Revised memos offer guidance on AI adoption and procurement in the Federal Government.

Snowflake Inc. (NYSE:SNOW) ranks 10th on AI stocks list. DA Davidson lowers price target due to projected US GDP slowdown. SNOW’s potential as an investment is acknowledged, but other AI stocks may offer higher returns in a shorter timeframe.

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Read more: DA Davidson Lowers Snowflake Inc. (SNOW) Price Target to $200 Amid Economic Slowdown Concerns