Snowflake, Elastic Poised For AI Revolution Gains, Analyst …

2 days ago · Snowflake stands to gain from the explosion of AI use cases over the next 12 to 18 months, positioning itself as a pivotal player in the enterprise adoption of generative AI. The …

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Snowflake's Stock Advances On Upgrade As AI 'revolution' Hits Its …

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2 days ago · By Steve Gelsi . Wedbush analyst Dan Ives upgrades Snowflake and Elastic to outperform from neutral . Snowflake Inc.'s stock was up about 6% in regular trading on …

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Snowflake, Elastic Shares Rise As Wedbush Upgrades AI Outlook

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2 days ago · Elastic gains 3.9%; Snowflake shares jumped 3.4% in premarket trading. Analyst Dan Ives at Wedbush raised Snowflake's price objective to $190 and Elastic's to $135, …

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Snowflake, Elastic Poised For AI Revolution Gains,… - Inkl

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3 days ago · Ives sees the broader software sector as entering an inflection point, projecting $2 trillion in AI spending in the coming years. With enterprises set to adopt AI at scale by 2025, …

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Snowflake’s Stock Advances On Upgrade As AI ‘revolution’ Hits Its …

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2 days ago · Wedbush analyst Dan Ives set a price target of $190 a share for Snowflake SNOW and said the AI revolution is hitting its “next gear” with software that aligns with AI chip giant …

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Snowflake Stock Rises As Wedbush Notes AI 'Sweet Spot' In Upgrade

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2 days ago · Shares of Snowflake gained about 3% Monday afternoon as Wedbush upgraded the stock, saying the cloud software provider is in the "sweet spot" to benefit from the booming …

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Snowflake Delivers Strong Sales Forecast But Wall Street Watching …

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May 23, 2024 · Snowflake, Elastic Upgraded As Wall Street Analyst Cites Emerging AI Battlefield Dow Jones, Small Caps Climb More Than 1%, But Google Stock Weighs On Techs (Live …

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FAQs about Snowflake, Elastic Poised For AI Revolution Gains, Analyst … Coupon?

Will Snowflake & elastic play a key role in AI?

Snowflake and Elastic are poised to play key roles in the new phase, he argued. Snowflake "is in the sweet spot to benefit from AI use cases over the next 12 to 18 months," Ives said in a client note. The cloud data management and analytics company last week reported third-quarter results that beat Wall Street estimates. ...

Will Snowflake benefit from AI?

Snowflake "is in the sweet spot to benefit from AI use cases over the next 12 to 18 months," Ives said in a client note. The cloud data management and analytics company last week reported third-quarter results that beat Wall Street estimates. Wedbush set a new price target of $190. ...

Is Snowflake the new AI battleground?

A Wall Street analyst upgraded Snowflake stock and shares of Elastic as he pointed to software as the new key AI battleground. ...

How did Snowflake stock perform in premarket trading?

Snowflake shares rose 3.4% in premarket trading, while Elastic was up 3.9%. "The stalwart cloud/hyper scale players have been another instrumental part of this first phase of the AI Revolution, being led by Microsoft and now also seeing Google and Amazon finding major cloud and AI momentum in the field," analyst Dan Ives wrote in a note to clients. ...

Should you buy snowflake or elastic?

Both Snowflake and Elastic were upgraded to Outperform from Neutral, and their respective price targets were raised to $190 and $135. Snowflake is seen as being in the "sweet spot" to benefit from AI use cases over the next 12 to 18 months, while Elastic should benefit from growing AI demand for its platform approach, Ives added. ...

Why did Snowflake (snow) & elastic (ESTC) stock rise on Monday?

Monday witnessed rises for Snowflake (SNOW, Financials) and Elastic (ESTC, Financials), after Wedbush Securities's software company upgrades underlining the next phase of artificial intelligence usage as a main driver. Warning! GuruFocus has detected 4 Warning Signs with SNOW. Elastic gains 3.9%; Snowflake shares jumped 3.4% in premarket trading. ...