Snowflake Inc. (NYSE:SNOW) is one of the Best American AI Stocks to Buy Now. On May 5, software company o9 Solutions announced an integration with Snowflake, which leverages the latter’s Connected Application framework.
Through the collaboration, the o9 Digital Brain platform will be connected with the Snowflake AI Data Cloud, enabling joint customers to use governed data within planning models and across business functions.
Snowflake Senior Manager for Strategic Industry ISVs, Liana Shuma, said that building a connected application with o9 Solutions creates value for joint customers. She added:
“By embedding o9’s advanced planning and decisioning capabilities directly into the Snowflake AI Data Cloud, we’re enabling enterprises to move from insight to action faster—creating a continuous, closed-loop system on a single platform. In an environment defined by volatility and rapid change, this Connected Application gives enterprises the ability to shift from reactive planning to continuous, intelligence-driven decision-making at scale.”
Based on 51 analyst ratings compiled by CNN, Snowflake has a median price target of $230, a 62.30% upside from the current price of $141.71. On April 21, UBS Analyst Karl Keirstead lowered his price target on Snowflake shares to $210 from $235 while maintaining a Buy rating on the stock. The analyst pointed out the year-to-date decline in the company’s shares despite its projection of stable revenue growth of 20% to 30%. He attributed the stock’s weakness to investor concerns about the potential disruption from Anthropic and OpenAI in the data software market over time.
Snowflake Inc. (NYSE:SNOW) provides cloud data warehousing software to enterprise clients. The company’s AI Data Cloud platform allows clients to build, use, and share data, applications, and AI.
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