Latest news with #SanjitSingh
Yahoo
10 hours ago
- Business
- Yahoo
Morgan Stanley Raised The PT on Snowflake Inc. (SNOW), Maintains a Buy Rating
Snowflake Inc. (NYSE:SNOW) is one of the . On June 24, analyst Sanjit Singh from Morgan Stanley raised the price target on Snowflake Inc. (NYSE:SNOW) from $220 to $262, while maintaining a Buy rating on the stock. The improved outlook is based on the company's performance under CEO Sridhar Ramaswamy. Analyst Singh noted that Snowflake Inc. (NYSE:SNOW) has improved its execution across sales, go-to-market strategies, and product engineering, which has stabilized the company's product revenue growth to a high 20% range. Moreover, the has also enhanced its innovation across various high-growth sectors including cloud data warehousing, data engineering, and AI/ML platforms. A software engineer at work, surrounded by a wall of computer monitors connected to a 'Data Cloud' platform. Singh projects durable growth exceeding 20% annually through 2030, supported by expanding operating margins and a clear strategy to tap into a $300+ billion market opportunity. During the fiscal first quarter of 2026, Snowflake Inc. (NYSE:SNOW) grew its product revenue by 26% year-over-year to reach $996.8 million. The company also maintained a net revenue retention rate of 124%. Looking ahead, management anticipates second-quarter revenue between $1.035 billion to $1.040 billion, indicating 25% growth. While we acknowledge the potential of SNOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Morgan Stanley Raised The PT on Snowflake Inc. (SNOW), Maintains a Buy Rating
Snowflake Inc. (NYSE:SNOW) is one of the . On June 24, analyst Sanjit Singh from Morgan Stanley raised the price target on Snowflake Inc. (NYSE:SNOW) from $220 to $262, while maintaining a Buy rating on the stock. The improved outlook is based on the company's performance under CEO Sridhar Ramaswamy. Analyst Singh noted that Snowflake Inc. (NYSE:SNOW) has improved its execution across sales, go-to-market strategies, and product engineering, which has stabilized the company's product revenue growth to a high 20% range. Moreover, the has also enhanced its innovation across various high-growth sectors including cloud data warehousing, data engineering, and AI/ML platforms. A software engineer at work, surrounded by a wall of computer monitors connected to a 'Data Cloud' platform. Singh projects durable growth exceeding 20% annually through 2030, supported by expanding operating margins and a clear strategy to tap into a $300+ billion market opportunity. During the fiscal first quarter of 2026, Snowflake Inc. (NYSE:SNOW) grew its product revenue by 26% year-over-year to reach $996.8 million. The company also maintained a net revenue retention rate of 124%. Looking ahead, management anticipates second-quarter revenue between $1.035 billion to $1.040 billion, indicating 25% growth. While we acknowledge the potential of SNOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
CNBC
5 days ago
- Business
- CNBC
Morgan Stanley upgrades this AI play, says stock can jump more than 20%
Artificial intelligence growth could provide a boost to shares of Snowflake , according to Morgan Stanley. The bank upgraded the cloud software maker to overweight from equal weight and increased its price target by $62 to $262 — which reflects more than 22% upside from Monday's close. The rating change comes as the stock has already outperformed the broader market in 2025. Year to date, Snowflake has jumped more than 38%, while the S & P 500 has risen more than 2%. SNOW YTD mountain SNOW, year-to-date "After several years of sharply decelerating growth and mounting investor concerns on its positioning for AI/ML, Snowflake's secular growth prospects have improved under the leadership of CEO Sridhar Ramaswamy," analyst Sanjit Singh wrote in a Tuesday note. "While it is still early in AI/ML and in the application market, infusing AI-based innovation in the core coupled with a rising priority for customers to modernize their data infrastructure as a necessary step to execute on their AI initiatives has resulted into a stabilization in the core data warehousing business," he added. Singh said AI will create a long growth runway in the core data warehousing business and sees market expansion into both data engineering and AI providing a compound annual growth rate of at least 20% through 2030. The analyst also cited other catalysts for gains such as new customer growth and an improving AI portfolio. "We have identified large customers with potential six-figure AI workloads on Snowflake, proving out the product-market fit and making us more confident that Snowflake can hit reported targets of ~$100 million AI run rate by year end, setting up this part of the business to contribute meaningfully in FY27 and beyond," he wrote. Most analysts are bullish on Snowflake. Forty of 50 analysts covering the stock have a strong buy or buy rating, according to LSEG data. The average target of roughly $229 implies more than 7% upside. The stock was almost 2% higher in premarket trading Tuesday following the upgrade.
Yahoo
31-05-2025
- Business
- Yahoo
HP Inc. (HPQ) Misses the Mark: No Positive Catalysts to Pull It Off the Sidelines
We recently published a list of . In this article, we are going to take a look at where HP Inc. (NYSE:HPQ) stands against other AI stocks on Wall Street's radar. On May 29, Morgan Stanley analyst Sanjit Singh raised the price target on Inc. (NYSE:AI) to $22.00 from $20 while keeping an 'Underweight' rating. Inc. (NYSE:AI) is an enterprise artificial intelligence (AI) software company involved in building and operating enterprise-scale AI applications and accelerating digital transformation. On May 29, Morgan Stanley lowered the firm's price target on HP Inc. (NYSE:HPQ) to $26 from $29 and kept an 'Equal Weight' rating on the shares. HP Inc. is a technology company that specializes in personal computing and printing solutions. A laptop, showing off the companys sleek notebook computers and workstations. Discussing the FY25 guide-down, the firm noted that it is the impact of tariffs, execution, and management conservatism, leaving shares in 'the penalty box' regardless of a 'cheap' valuation. The firm also said that cost-cutting measures did not entirely mitigate these issues. As of now, HP's growth areas are too small and lack transparency, and aren't in a position to meaningfully influence the company's performance. Analysts have also forecast that cost reductions are only partially likely to protect profitability, resulting in an EPS for the fiscal year 2026 that is anticipated to be roughly on par with fiscal year 2024. Capital returns over the next few quarters may be restricted due to HP's increased leverage. The analyst further added that a lack of a positive company-specific catalyst keeps the firm on the sidelines. Overall, HPQ ranks 8th on our list of AI stocks on Wall Street's radar. While we acknowledge the potential of HPQ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HPQ and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Business Insider
31-05-2025
- Business
- Business Insider
Morgan Stanley Keeps Their Hold Rating on UiPath (PATH)
Morgan Stanley analyst Sanjit Singh maintained a Hold rating on UiPath (PATH – Research Report) today and set a price target of $15.00. The company's shares opened today at $14.86. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Singh is a 2-star analyst with an average return of 0.6% and a 49.40% success rate. Singh covers the Technology sector, focusing on stocks such as Appian, Domo, and PagerDuty. UiPath has an analyst consensus of Hold, with a price target consensus of $13.44, a -9.56% downside from current levels. In a report released today, TD Cowen also maintained a Hold rating on the stock with a $15.00 price target.
