12:10 PM EDT, 10/20/2025 (MT Newswires) -- Snowflake (SNOW) is still in the "early innings" of capitalizing on AI demand, Wedbush Securities said in a note Monday.

"The company still has ample room to accelerate its growth by fine-tuning its go-to-market strategy," the report said.

Even though Snowflake is facing major competition, the company's "innovation engine remains a key differentiator" as more companies want to streamline AI applications in their operations to increase productivity, the note said.

"SNOW represents a strong 2nd derivative player in the AI Revolution," the report said. Wedbush lifted its price target on the stock to $270 from $250 while keeping its outperform rating.

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