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HSBC upgrades Snowflake to Buy, sets price target at $289

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

Raccontata dabenzinga.comcryptobriefing.com

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2 prospettive sulla stessa storia
AI · summaries
cryptobriefing.comStai leggendo20 h fa

HSBC upgrades Snowflake to Buy, sets price target at $289

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

originale
benzinga.com1 g fa

Snowflake Stock Surges After 'Milestone Quarter': Analyst Says 'AI Acting As A Catalyst' - Snowflake (NYS

Snowflake beat Q1 estimates with NRR at 126% and 13,600+ customers running AI/ML workloads — Snowflake Intelligence users doubled QoQ to 5,000+, driving a 37.5% single-day stock surge. AI is accelerating platform consolidation: data teams migrating to Snowflake cite AI workloads as primary trigger, directly challenging the Databricks share-shift narrative.

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Timeline cronologica

  1. giovedì 28 maggio 2026·benzinga.com

    These Analysts Boost Their Forecasts On Snowflake After Upbeat Q1 Results - Snowflake (NYSE:SNOW)

    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…

  2. giovedì 28 maggio 2026·benzinga.com

    Snowflake Stock Surges After 'Milestone Quarter': Analyst Says 'AI Acting As A Catalyst' - Snowflake (NYS

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

  3. venerdì 29 maggio 2026·cryptobriefing.com

    HSBC upgrades Snowflake to Buy, sets price target at $289

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