KeyBanc Lowers Snowflake Inc. (SNOW) Price Target to $150 Amid Short-Term Challenges but Maintains ‘Overweight’ Rating

Like
Comment
Favorite

KeyBanc Lowers Snowflake Inc. (SNOW) Price Target to $150 Amid Short-Term Challenges but Maintains ‘Overweight’ Rating

Insider Monkey11-13

We recently compiled a list of the 15 AI News That Should Not Be Ignored. In this article, we are going to take a look at where Snowflake Inc. (NYSE:SNOW) stands against the other AI stocks that ...

Source Link

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.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2483804814?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/5Bq6_3XQ4C8X7hStuTOYeg--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/4a25e1c441831c55a553ed49bcb06b8e","is_english":true,"pubTime":"2024-11-13 11:24","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2483804814","market":"us","top_or_hot":-1,"title":"KeyBanc Lowers Snowflake Inc. (SNOW) Price Target to $150 Amid Short-Term Challenges but Maintains ‘Overweight’ Rating","media":"Insider Monkey","content":"<div>\n<p>We recently compiled a list of the 15 AI News That Should Not Be Ignored. In this article, we are going to take a look at where Snowflake Inc. (NYSE:SNOW) stands against the other AI stocks that ...</p>\n\n<a href=\"https://finance.yahoo.com/news/keybanc-lowers-snowflake-inc-snow-032457578.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","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>KeyBanc Lowers Snowflake Inc. (SNOW) Price Target to $150 Amid Short-Term Challenges but Maintains ‘Overweight’ Rating</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\">\nKeyBanc Lowers Snowflake Inc. (SNOW) Price Target to $150 Amid Short-Term Challenges but Maintains ‘Overweight’ Rating\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-13 11:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/keybanc-lowers-snowflake-inc-snow-032457578.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We recently compiled a list of the 15 AI News That Should Not Be Ignored. In this article, we are going to take a look at where Snowflake Inc. (NYSE:SNOW) stands against the other AI stocks that ...</p>\n\n<a href=\"https://finance.yahoo.com/news/keybanc-lowers-snowflake-inc-snow-032457578.html\">Source Link</a>\n\n</div>\n\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":"https://finance.yahoo.com/news/keybanc-lowers-snowflake-inc-snow-032457578.html","article_id":"2483804814","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/5Bq6_3XQ4C8X7hStuTOYeg--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/4a25e1c441831c55a553ed49bcb06b8e"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483804814","pubTimestamp":1731468297,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"We recently compiled a list of the 15 AI News That Should Not Be Ignored.In this article, we are going to take a look at where Snowflake Inc.  stands against the other AI stocks that should not be ignored.Artificial Intelligence is driving an unprecedented expansion in the potential market size for hardware and software products. According to Bain & Company, the market for AI-related hardware and software will witness annual growth rates of 40% to 55% over the next three years, potentially reaching a valuation between $780 billion and $990 billion by 2027. Companies investing in artificial intelligence know exactly how big of an opportunity this is and are determined not to miss it. Keshav Murugesh, Group CEO of WNS, a global business process management company, talked about its significance at the “CNBC Connect” event in Bangkok. According to Murugesh, many companies are underprepared for AI’s impact, particularly in areas such as government regulation. As such, there is clearly an up","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"SNOW":"Snowflake"},"translate_title":"由于短期挑战，KeyBanc将Snowflake Inc.(SNOW)目标股价下调至150美元，但维持“跑赢大盘”评级","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SNOW":1},"content_text":"We recently compiled a list of the 15 AI News That Should Not Be Ignored. In this article, we are going to take a look at where Snowflake Inc. (NYSE:SNOW) stands against the other AI stocks that should not be ignored.\nArtificial Intelligence is driving an unprecedented expansion in the potential market size for hardware and software products. According to Bain & Company, the market for AI-related hardware and software will witness annual growth rates of 40% to 55% over the next three years, potentially reaching a valuation between $780 billion and $990 billion by 2027. Companies investing in artificial intelligence know exactly how big of an opportunity this is and are determined not to miss it. Keshav Murugesh, Group CEO of WNS, a global business process management company, talked about its significance at the “CNBC Connect” event in Bangkok. According to Murugesh, many companies are underprepared for AI’s impact, particularly in areas such as government regulation. As such, there is clearly an upside to investing early in the technology.\n\n“Three years from now, if you are investing significantly in generative AI, you might be disappointed, right? As we have seen in many technologies, sometimes the hype is much bigger than the reality. But, three years from now if you are not investing in generative AI, you are going to be terrified. Because those companies that made the investments now, will be far ahead of you”.\n- Keshav Murugesh.\n\nREAD ALSO: 10 Trending AI Stocks on Latest Analyst Ratings and News and 8 Best Information Technology Services Stocks to Invest in Now\nLatest Developments in AI \nLet’s look at the latest developments in artificial intelligence to assess how they are helping businesses, customers, and society to reach the next level of success. In its first, Chinese scientists have developed the first AI-powered robot lifeguard to stand watch over the riverside site in Luohe city. Using artificial intelligence, big data, and navigation and tracking technologies, the robot will operate without any human intervention. While it is not the first robot lifeguard, it is the first to be fully automated and needs no intervention, South China Morning Post reported.\nIn other news, Japanese Prime Minister Shigeru Ishiba has pledged more than $65 billion of fresh support for the nation’s semiconductor and artificial intelligence sector. The move comes in hopes of narrowing the gap between Tokyo and global powers on chip support. Ishiba notes that he wishes to spread positive examples of regional revitalization like TSMC’s chip plant in Kumamoto across the nation.\nSpeaking of artificial intelligence, it seems that artificial intelligence companies are no longer scaling at the pace they were initially and that the outcomes from scaling up pre-training—the stage in AI model training where large volumes of unlabeled data are used to learn language patterns and structures—have seemingly reached a plateau. To overcome this plateau, researchers are now exploring “test-time compute,” a technique that enhances existing AI models during the so-called “inference” phase, or when the model is being used. This shift has the potential to reshape the AI landscape and impact the demand for hardware, challenging Nvidia’s dominance in training chips as the focus moves to the inference market.\nFor this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.\nWhy are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).\n A software engineer at work, surrounded by a wall of computer monitors connected to a 'Data Cloud' platform. \nSnowflake Inc. (NYSE:SNOW)\nMarket Capitalization: $41.40 billion\nSnowflake Inc. (NYSE:SNOW) is a cloud-native platform that develops database architecture, data warehouses, query optimization, and parallelization solutions. The company is benefiting from the boom in artificial intelligence as data warehouses are a critical component in making AI useful for enterprises.\nOn November 11, KeyBanc analyst Eric Heath lowered the firm’s price target on Snowflake Inc. (NYSE:SNOW) to $150 from $168 and kept an “Overweight” rating on the shares. The price reduction comes from short-term challenges in storage and ETL revenue linked to Iceberg adoption. The adoption of Iceberg, a tool that helps manage large amounts of data more efficiently, could potentially reduce the need for Snowflake’s storage and ETL (extract, transform, load) services. KeyBanc further revealed that it conducted its quarterly Snowflake survey of 15 partners and customers to keep track of spending intentions, product traction, Iceberg adoption, GenAI interest, and competitive dynamics. The survey results reveal that Snowflake is increasingly strategic, with a strong interest in new products, especially GenAI. However, customers are only expecting to increase their spending with Snowflake by 10% over the next year.\nOverall SNOW ranks 11th on our list of the AI stocks that should not be ignored. While we acknowledge the potential of SNOW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than SNOW but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.   \nREAD NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.   \nDisclosure: None. This article is originally published at Insider Monkey.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}