HSBC analyst Stephen Bersey upgraded Snowflake to Buy with a $289 price target, citing AI monetization, margin growth, and a 42% surge in bookings.

Snowflake Inc (NYSE:SNOW) reported strong Q1 results, with revenue of $1.39B, beating estimates. It also announced a partnership with AWS and expects 30% growth in Q2. Analysts…

Snowflake analysts are raising their price targets on the surging stock after Q1 results and AI growth.

HSBC analyst Stephen Bersey upgraded Snowflake to Buy with a $289 price target, citing AI monetization, margin growth, and a 42% surge in bookings.