Snowflake Secures $275 Price Target and Deploys AI Agent Across 1,600+ Rentals Branches
Bank of America Securities maintained a Buy rating on Snowflake with a $275 price target on February 6, following Rosenblatt’s Buy reaffirmation on February 3. On February 4, United Rentals deployed a new AI Agent built on Snowflake Intelligence across 1,600+ branches to deliver real-time insights via natural-language queries.
1. Analysts Maintain Buy Ratings and $275 Price Target
On February 6, Bank of America Securities maintained its Buy rating on Snowflake with a $275 price target, following Rosenblatt Securities’ Buy reaffirmation on February 3. These consistent positive assessments underscore continued confidence in Snowflake’s valuation despite recent software sector volatility.
2. United Rentals Deploys AI Agent Across 1,600+ Branches
On February 4, United Rentals rolled out an AI Agent built on Snowflake Intelligence to operational teams across more than 1,600 branches. The Agent enables sales leaders, regional teams, and branch managers to query financial and operational data in simple language and receive actionable insights in real time.
3. Snowflake Cortex Code Accelerates AI Innovation
United Rentals is also leveraging Snowflake Cortex Code to speed up testing, development, and iteration of additional AI agents. By using the same underlying controls and governed data foundation, the company aims to expand AI-driven analytics and automation across its business operations.