Recent analyst upgrades have pushed the "snow stock price forecast" average target up 6% over the past month, reflecting improved product margins and reduced churn rates. Finally, Morgan Stanley was also bullish. Snowflake is the “best way to play the data modernization theme in Software,” according to an August Morgan Stanley report featured in IBD . “Customers are investing aggressively in data modernization/ transformation initiatives – not just to move to the cloud, but increasingly because progress on their AI ambitions is impossible without them,” added Morgan Stanley’s report. Our team is working diligently to resolve the issue. Thank you for your patience and understanding. Trading volumes have spiked 22% week-over-week, reflecting investor optimism on Snowflake’s recent enterprise partnerships in the AI analytics space.