Snowflake Stock Has Missed the Software Rally. Analyst Says to Buy. - Barron's

1. Wedbush analyst increased SNOW price target to $210 from $190. 2. Strong demand for SNOW's AI/ML capabilities is driving optimism. 3. SNOW's forecasted fourth-quarter product revenue surpassed Wall Street expectations. 4. SNOW's valuation remains high at 177.1 times expected earnings. 5. Analysts believe SNOW's premium valuation is justified by growth potential.