Snowflake (SNOW): DA Davidson Boosts Price Target to $300 Ahead of 3Q26 Earnings

• StockStory Top Pick SNOW +3.05%
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Snowflake Inc. (NYSE:SNOW) is one of the Buzzing AI Stocks on Wall Street. On December 1, DA Davidson raised its price target on the stock to $300 from $275 while maintaining a “Buy” rating.

The firm is optimistic on the stock ahead of its third-quarter earnings report, citing Salesforce as one of the best stories in Software.

According to the firm, conversations with The Den as well as DaVinci Developer Data indicate that Snowflake is witnessing strength across its product portfolio.

Snowflake's upcoming 3Q26 earnings on Wednesday, December 3, will offer deeper insights into the firm’s top infrastructure pick.

"This past quarter, we're observing strength across Snowflake's products supported by the conversations we've held with The DEN, along with our DaVinci Developer Data that’s indicating significantly accelerating growth particularly in the core data warehouse. Given what remains as arguably one of the best stories in Software, we reiterate our BUY rating and raise our price target to $300 from $275."

Snowflake Inc. (NYSE:SNOW) is a cloud-based data storage company providing a data analysis, storage, and sharing platform.

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