• Snowflake is trading 4% up today at $310.64, extending optimism following a significant price target upgrade from Wells Fargo.
  • Wells Fargo raised its price target to $500 from $320, maintaining an 'Overweight' rating, citing increased spending on AI agents and underappreciated AI-driven growth potential.
  • The stock is also benefiting from broader positive sentiment around its AI initiatives, including the recent launch of Cortex AI Gateway in late July 2026.