Jefferies has expressed heightened confidence in Snowflake, Inc. (NYSE: SNOW), a prominent cloud-based data platform provider. The financial firm recently revised its price target for Snowflake's stock upwards to $300, a notable increase from the previous $270, while reiterating its 'Buy' recommendation. This optimistic outlook is primarily fueled by compelling insights gleaned from Jefferies' independent market analysis, which underscores a significant surge in demand for Snowflake's offerings, predominantly catalyzed by advancements in artificial intelligence.
Jefferies Raises Snowflake (SNOW) PT to $300, Citing Strong AI-Driven Demand
On Wednesday, November 26, 2025, Jefferies' market strategists elevated Snowflake's valuation, projecting a promising future for the company. The decision to raise the price target for Snowflake (SNOW) to $300 is rooted in a detailed proprietary survey. This survey meticulously assessed market trends and client needs, revealing a robust pipeline and optimistic growth projections from Snowflake's partner ecosystem. Artificial intelligence emerged as the foremost driver of this incremental growth, solidifying Jefferies' conviction in Snowflake's market position.
The firm has proudly designated Snowflake as its 'Top Pick,' anticipating a strong performance in the latter half of the fiscal year. This expectation is underpinned by several key factors: positive market evaluations, the expanding adoption of AI technologies, a more forgiving comparative base, and a prudently conservative financial outlook from the company itself. Specifically, the revised price target implies a 16x valuation based on projected calendar year 2027 revenues. Snowflake, a leader in cloud-based data solutions, delivers an integrated platform for data analysis, storage, and secure sharing.
While acknowledging the substantial investment potential inherent in Snowflake, Jefferies subtly suggests that certain other AI-centric equities may offer even greater upside with reduced inherent risks. For investors actively seeking undervalued AI opportunities poised to significantly benefit from prevailing economic shifts, including trade tariffs and domestic manufacturing trends, further specialized analysis is recommended.
The continuous innovation and strategic partnerships within the artificial intelligence sector are clearly reshaping market dynamics. Snowflake's current trajectory, as highlighted by Jefferies, exemplifies how technological prowess combined with a clear market need can drive substantial growth and investor confidence. This development not only underscores Snowflake's integral role in the evolving data landscape but also points to the broader impact of AI in generating new avenues for economic expansion and investment.