KeyBanc Lowers Snowflake's Price Target to $200 Amid Rising AI-Native Competition

KeyBanc Capital Markets has reduced Snowflake's (SNOW) price target from $235 to $200, citing increased competition from AI-native alternatives. Despite this, Snowflake maintains strong net revenue retention and customer growth, indicating a resilient long-term position. The move reflects broader adjustments in cloud software valuations.

By David Moadel Wed, April 15, 2026 at 5:55 PM GMT+3 4 min read · Yahoo Finance · April 15, 2026, 14:55 UTC

Tickers: $SNOW

Topics: AI competition analyst rating cloud software price target Snowflake

Read the full article at Yahoo Finance

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