Investing.com -- KeyBanc reiterated its "Overweight" rating on Snowflake Inc (NYSE:SNOW) following its latest customer and partner survey, highlighting growing interest in the company's Cortex AI product and Iceberg data format as long-term growth drivers.
The survey of 16 Snowflake customers and partners revealed increasing clarity on Iceberg adoption, with respondents viewing it as a long-term tailwind rather than a near-term storage headwind. KeyBanc also noted strong interest in Snowflake’s emerging products, including data engineering and Snowflake Intelligence.
However, the firm flagged concerns over early-stage adoption of new products, a rising number of customers viewing Databricks as a more strategic vendor, and declining interest in Snowpark Container Services. Near-term spending intentions ticked up slightly but remain modest at around 11% growth.
Despite some mixed signals, KeyBanc remains constructive on Snowflake’s long-term growth potential, particularly as AI and data-sharing capabilities gain traction.
Related Articles
KeyBanc positive on Snowflake on growing interest in Cortex and Iceberg
Trump readies reciprocal tariffs as trade war fears mount
US inspectors general sue over Trump's decision to fire them
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。