Wedbush Raises Snowflake Price Target to $280 With 10% Upside

SNOW•2026-06-01

Wedbush Securities raised its price target on Snowflake to $280 from $270, implying roughly 10% upside as enterprise software shifts into a critical AI monetization phase. The firm maintained an outperform rating, citing Snowflake’s data cloud positioning in response to growing enterprise AI demand.

1. Price Target Increase

Wedbush Securities raised its price target on Snowflake from $270 to $280 while maintaining an outperform rating, reflecting confidence in the company’s growth outlook.

2. AI Monetization Opportunity

Analysts highlight Snowflake’s data cloud platform as a key beneficiary of rising enterprise AI spending, underpinning the rationale for the higher target.

3. Upside and Valuation

The implied 10% upside underscores modest additional returns at current levels, balanced against Snowflake’s premium valuation in the fast-growing SaaS market.