DA Davidson lowers price target on Snowflake Inc. but maintains Buy rating.

From Yahoo Finance: 2025-04-15 23:38:00

In the AI race, Google and OpenAI are neck to neck, with other companies fiercely closing in. Chinese competitors like DeepSeek’s R1 model are catching up to leading AI companies. Exciting developments in AI models are happening globally, with new players emerging in the space, creating a competitive landscape.

OpenAI has launched its new AI model GPT-4.1, boasting major improvements in coding, instruction following, and long context comprehension. These models outperform previous versions and are available exclusively on OpenAI’s API. The new models offer improved performance at a lower cost compared to previous versions, making them a better choice for AI developers.

Snowflake Inc. (SNOW) remains a recommended stock despite market uncertainty. DA Davidson lowered its price target on SNOW from $225 to $200 but maintained a Buy rating. While SNOW ranks 7th on the list of AI stocks on the move, there are other AI stocks with greater potential for higher returns within a shorter timeframe.

Hedge funds are piling into AI stocks, with our research showing that imitating the top stock picks of the best hedge funds can outperform the market. Snowflake Inc. (SNOW) is a cloud-based data storage company that provides data analysis, storage, and sharing services. Despite economic uncertainties, SNOW continues to be a recommended stock for investors looking to capitalize on AI trends.

Read more: DA Davidson Lowers Price Target but Maintains Buy on AI Strength