Goldman Sachs Reduces PT on Snowflake Inc. (SNOW) Stock

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Goldman Sachs recently reduced its price target on Snowflake Inc. (SNOW) stock to $246 from $286, maintaining a “Buy” rating based on anticipated strong fundamental resilience. Similarly, BofA also lowered its price objective to $275 from $310, though still highlighting it as a top pick in infrastructure software. This comes as Snowflake Inc. announced a $200 million partnership agreement with OpenAI to integrate advanced AI model capabilities for enterprise customers.

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