Movement Alert｜Snowflake Rises 3.66% in Pre-Market Trading, Databricks Valuation Surge and AI Product Launch Drive Sector Revaluation

Market Focus07-30

On July 30, Snowflake rose 3.66% in pre-market trading, trading at $290.25 per share. The move was driven by a broad revaluation of the AI data platform sector following competitor Databricks completing a $3 billion funding round at a valuation of $188 billion.

Multiple investment banks have raised their price targets on Snowflake in recent sessions. UBS lifted its target to $370, RBC Capital Markets raised to $313 while maintaining an Outperform rating, Deutsche Bank moved to $300, and Jefferies maintained a Buy rating with a $310 target, noting Snowflake could gain an additional 14%. The consensus analyst target price stands at approximately $299.73.

Additionally, Snowflake recently launched Cortex AI Gateway and multiple AI security features designed to help enterprises securely scale their agentic AI ecosystems. The product addresses two core barriers to large-scale AI agent deployment — security and cost management — and builds on technology acquired through Snowflake's May acquisition of Natoma.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1110594446?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-30 16:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1110594446","market":"us","top_or_hot":-1,"title":"Movement Alert｜Snowflake Rises 3.66% in Pre-Market Trading, Databricks Valuation Surge and AI Product Launch Drive Sector Revaluation","media":"Market Focus","content":"<p><p>On July 30, Snowflake rose 3.66% in pre-market trading, trading at $290.25 per share. The move was driven by a broad revaluation of the AI data platform sector following competitor Databricks completing a $3 billion funding round at a valuation of $188 billion.</p><p>Multiple investment banks have raised their price targets on Snowflake in recent sessions. UBS lifted its target to $370, RBC Capital Markets raised to $313 while maintaining an Outperform rating, Deutsche Bank moved to $300, and Jefferies maintained a Buy rating with a $310 target, noting Snowflake could gain an additional 14%. The consensus analyst target price stands at approximately $299.73.</p><p>Additionally, Snowflake recently launched Cortex AI Gateway and multiple AI security features designed to help enterprises securely scale their agentic AI ecosystems. The product addresses two core barriers to large-scale AI agent deployment — security and cost management — and builds on technology acquired through Snowflake's May acquisition of Natoma.</p><p>(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)</p></p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Movement Alert｜Snowflake Rises 3.66% in Pre-Market Trading, Databricks Valuation Surge and AI Product Launch Drive Sector Revaluation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMovement Alert｜Snowflake Rises 3.66% in Pre-Market Trading, Databricks Valuation Surge and AI Product Launch Drive Sector Revaluation\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-07-30 16:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On July 30, Snowflake rose 3.66% in pre-market trading, trading at $290.25 per share. The move was driven by a broad revaluation of the AI data platform sector following competitor Databricks completing a $3 billion funding round at a valuation of $188 billion.</p><p>Multiple investment banks have raised their price targets on Snowflake in recent sessions. UBS lifted its target to $370, RBC Capital Markets raised to $313 while maintaining an Outperform rating, Deutsche Bank moved to $300, and Jefferies maintained a Buy rating with a $310 target, noting Snowflake could gain an additional 14%. The consensus analyst target price stands at approximately $299.73.</p><p>Additionally, Snowflake recently launched Cortex AI Gateway and multiple AI security features designed to help enterprises securely scale their agentic AI ecosystems. The product addresses two core barriers to large-scale AI agent deployment — security and cost management — and builds on technology acquired through Snowflake's May acquisition of Natoma.</p><p>(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SNOW","symbol_name":"Snowflake","start_time":0,"source_url":"","article_id":"1110594446","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1110594446","pubTimestamp":1785399311,"columns":[{"name":"Product Release","id":31,"label_key":"productRelease"}],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On July 30, Snowflake rose 3.66% in pre-market trading, trading at $290.25 per share. The move was driven by a broad revaluation of the AI data platform sector following competitor Databricks...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SNOW":"Snowflake"},"translate_title":"走势提醒|Snowflake盘前交易上涨3.66%，Databricks估值飙升和AI产品推出推动板块重估","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SNOW":1},"content_text":"On July 30, Snowflake rose 3.66% in pre-market trading, trading at $290.25 per share. The move was driven by a broad revaluation of the AI data platform sector following competitor Databricks completing a $3 billion funding round at a valuation of $188 billion.Multiple investment banks have raised their price targets on Snowflake in recent sessions. UBS lifted its target to $370, RBC Capital Markets raised to $313 while maintaining an Outperform rating, Deutsche Bank moved to $300, and Jefferies maintained a Buy rating with a $310 target, noting Snowflake could gain an additional 14%. The consensus analyst target price stands at approximately $299.73.Additionally, Snowflake recently launched Cortex AI Gateway and multiple AI security features designed to help enterprises securely scale their agentic AI ecosystems. The product addresses two core barriers to large-scale AI agent deployment — security and cost management — and builds on technology acquired through Snowflake's May acquisition of Natoma.(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"productRelease","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1110594446","isCrawlerRequest":true}