Snowflake well positioned to benefit from AI opportunity, says Loop Capital

Loop Capital keeps a Buy rating and $195 price target on Snowflake but also notes that after attending its Data Cloud customer event, the company looks well-positioned to benefit from the emerging AI opportunity as it aggressively builds out its platform. Customer interest remains high around Snowpark Container Services, which manages data science workloads running large language models, the analyst tells investors in a research note, also noting that the emphasis on innovation remains a key focus at the company as demonstrated by new products in various stages of private and public preview.