Morgan Stanley resets Snowflake stock price target by $170

Morgan Stanley has reset the stock price target for Snowflake by $170, according to reporting from thestreet.com. This financial adjustment arrives as the company faces evolving market dynamics related to artificial intelligence. Parallel reports from appeconomyinsights.com indicate that AI is currently fueling consumption within the Snowflake ecosystem. Additionally, The Information reports that recent Snowflake results highlight a specific desire among enterprises to maintain an Anthropic buffer, suggesting a strategic shift in how corporations manage their AI integrations and data layers. The coverage of Snowflake is complemented by a broader trend of volatility and growth predictions in the technology sector.

The Motley Fool has issued a prediction stating that Snowflake's product revenue will pass the $8 billion mark in fiscal 2028. This focus on long-term revenue growth coincides with the price target reset by Morgan Stanley. The reporting emphasizes the intersection of enterprise software needs and the deployment of AI, with multiple outlets focusing on the consumption metrics that drive Snowflake's valuation in the current fiscal environment. Contextualizing these moves, the broader semiconductor and AI hardware market is also seeing significant movement, which informs the software layer. The Globe and Mail and simplywall.st have highlighted a climb in Intel stock, with simplywall.st suggesting Intel could be 81% undervalued due to growing AI demand. 24/7 Wall St. predicts that while Intel stock is up in 2026, the best gains may still be ahead.

Seeking Alpha notes that Intel's comeback is about to face its biggest test, and thestreet.com reports that a 5-star analyst has reset Intel's stock price target, mirroring the target resets seen with Snowflake. Looking forward, observers are monitoring the specific realization of the $8 billion revenue prediction for Snowflake's product line by fiscal 2028. Market participants are also tracking how the enterprise desire for an Anthropic buffer will impact long-term adoption rates. The sequence of price target resets by analysts at firms like Morgan Stanley suggests a period of valuation recalibration across the AI stack, from hardware providers like Intel to data cloud platforms like Snowflake, as the industry moves from initial AI hype to measured consumption.