UBS maintains a Buy rating on Snowflake ahead of its fiscal Q2 results, highlighting strong AI-driven demand for its data platform. After speaking with enterprise partners and customers, UBS found that spending on Snowflake is expected to accelerate, supported by adoption of its Cortex Code and Coco tools. Despite competition from Databricks and Microsoft, UBS sees no significant threat from AI models replacing data software vendors. UBS raised its price target to $425, reflecting confidence in Snowflake's growth and the ongoing data investment cycle.
Cloudflare shares surged 6% amid a broader rally in cloud software stocks, outperforming peers like Datadog and Snowflake. The company benefits from increased AI-driven traffic, with over half of its network traffic now non-human, positioning it as k...
Datadog's stock rose 5% following Bernstein's upgrade to Outperform, driven by rapid growth in AI token consumption at major AI labs. The company reported strong Q2 2026 results with revenue up 35.6% year-over-year and raised its full-year revenue gu...
Snowflake's stock is predicted to reach $400 per share before the end of 2026, triggered by its Q3 fiscal 2027 earnings report expected on December 2, 2026. The company has shown accelerating growth, with product revenue rising 37% in Q2 and strong b...
