Jun 24, 11:26 AM

Morgan Stanley Lifts Snowflake With $262 Target on AI Growth Potential

Morgan Stanley assumed coverage of Snowflake Inc. with an Overweight rating and a $262 price target, saying growth prospects have improved under Chief Executive Officer Sridhar Ramaswamy. The brokerage noted that Snowflake’s positioning in artificial-intelligence and machine-learning workloads should re-accelerate revenue after several years of slowing expansion. Snowflake shares rose roughly 2% to 4.6% in early Wednesday trading after the call, implying about 22% upside to Morgan Stanley’s target price. In a separate move, Piper Sandler initiated coverage of Upstart Holdings with an Overweight recommendation and a $75 target, citing the lending platform’s use of artificial-intelligence to sharpen loan pricing and disrupt traditional underwriting.

#Morgan Stanley #Sridhar Ramaswamy #Snowflake #Piper Sandler #Upstart Holdings

Written with ChatGPT .

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Morgan Stanley Lifts Snowflake With $262 Target on AI Growth Potential

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