Snowflake Inc. (NYSE:SNOW) is one of the most promising future stocks to buy now. Bank of America Securities maintained a Buy rating on Snowflake Inc. (NYSE:SNOW) on February 6, setting a price target of $275. Rosenblatt Securities also reaffirmed a Buy rating on Snowflake Inc. (NYSE:SNOW) on February 3.
In a separate development, Snowflake Inc. (NYSE:SNOW) announced on February 4 that United Rentals rolled out a new AI agent built on Snowflake Intelligence to operational teams working across 1,600+ branches. Management reported that the Business Intelligence Agent allows sales leaders, regional teams, and branch managers to ask questions of their company data in simple language, drill down, and get actionable information promptly. The deployment eases interaction with company data across financial and operational functions by allowing employees a more flexible and conversational mode of interaction. Employees can thus employ the Agent to analyze financial and operational data and get real-time insights through natural-language queries.
Snowflake Inc. (NYSE:SNOW) further reported that United Rentals is leveraging Snowflake Cortex Code to expedite the testing, development, and iteration of additional AI agents, built on the same underlying controls and data. United Rentals is therefore accelerating AI innovation across the business, supported by Snowflake Inc. (NYSE:SNOW) as its secure, governed data foundation.
Snowflake Inc. (NYSE:SNOW) provides cloud data warehousing software, and offers Data Cloud, an ecosystem that allows customers, data providers, partners, and data consumers to break down data silos and derive value from data. The company’s platform supports a range of use cases, including data lakes, data warehousing, data engineering, data application development, data science, and data sharing.
While we acknowledge the potential of SNOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
