Barclays upgraded Snowflake (SNOW) to Overweight from Equal Weight with an unchanged price target of $190. The new management team is addressing the evolving artificial intelligence data landscape better, and investors should see more evidence in terms of new product momentum this year, the analyst tells investors in a research note. Barclays we see a better setup for fiscal 2026, saying Snowflake is coming into the year with an accelerated velocity of new products, many of which address newer AI trends, that is now mature and generally available and will now contribute meaningful growth.
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