Citi analyst Tyler Radke notes Snowflake Inc. (NYSE:SNOW) 30% pullback as an overreaction to fiscal Q3 2025 results. He maintains a Buy rating but lowers price target from $300 to $270. Recent pullback attributed to modest earnings beat, sectoral challenges, and valuation concerns. Strong demand for Cortex AI from Anthropic and OpenAI, with ties to Google’s Gemini.

Snowflake Inc. (NYSE:SNOW) provides cloud data warehousing software, offering Data Cloud ecosystem to derive value from data. Platform supports data lakes, warehousing, engineering, application development, science, and sharing. Analyst sees company’s migrations boosting based on Citi’s CIO survey, indicating increase in financial services IT budgets. Potential investment in SNOW noted, but certain AI stocks offer greater upside potential and less downside risk.

Analyst Radke highlights Snowflake Intelligence delivering 20-30% higher consumption for some financial and retail clients, reaching over 2,000 customers. Recent collaborations with Anthropic, OpenAI, and Google’s Gemini underscore customer demand for Cortex AI. Analyst sees company moving towards more meaningful monetization following disclosure of $100M in new AI.

Read more at Yahoo Finance: Citi Notes Snowflake’s (SNOW) 30% Pull Back to Be an Overreaction