Morgan Stanley analyst Keith Weiss notes that Snowflake (SNOW) announced several updates of its AI solutions, including Cortex Analyst now becoming generally available with Anthropic Claude at its core, a new Cortex Agents offering going into public preview, and Cortex AI Observability reaching preview soon. The firm is “tilting positive,” arguing that the multiple has “ample room for expansion and FY26 guidance risk could be a clearing event.” However, Morgan Stanley keeps an Equal Weight rating on Snowflake shares.
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