Benchmark Reiterates Buy Rating on Snowflake Amid Strong AI Positioning

Benchmark analyst Yi Fu Lee reiterated a 'Buy' rating and $270 price target for Snowflake (SNOW) following the first day of its Summit 2026. The firm highlighted Snowflake's role as a mission-critical control plane in artificial intelligence, citing strong Q1 FY27 performance with product revenue guidance raised by 400 basis points to 31% year-over-year growth.

By Ghazal Ahmed Mon, June 8, 2026 at 4:08 PM GMT+3 2 min read · Yahoo Finance · June 8, 2026, 13:08 UTC

Tickers: $ACN $MSFT $QCOM $SNOW

Topics: analyst rating artificial intelligence cloud computing earnings guidance

Read the full article at Yahoo Finance

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