SNOW - Snowflake vs. Databricks: Analyst Says Snowflake's Expansion Makes It A Fierce Competitor | Benzinga
Needham analyst Mike Cikos reiterated a Buy rating on Snowflake Inc (NYSE: SNOW) with a price target of $216.
GenAI is expected to accelerate Software development for Snowflake - involving a greater amount of code to be stored and queried, notes the analyst.
In fact, management expects the volume of newly created code to be executed more often.
The analyst thinks Snowflake is building out the use case for Data Engineers, which ...