10:49 AM EDT, 06/05/2026 (MT Newswires) -- Snowflake's (SNOW) platform strategy shift is expected to translate to long-term differentiation from peers and significant monetization opportunities, Oppenheimer said in a note Friday.

The company is moving its focus to agentic artificial intelligence, with its Cortex Code and Cowork agents allowing Snowflake to cover data engineering, data warehouse expansion, new AI workloads, and accelerated AI-assisted migrations, among others, according to the note.

"Where we see Snowflake with a competitive edge in AI is in its ability to deliver production-grade, governed, agentic AI at scale," analysts wrote.

Growing relationships with partners and increasing adaptive compute performance also support the company's market position, the brokerage said.

Oppenheimer maintained its outperform rating on Snowflake, with a $295 price target.

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