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Snowflake Soars Amid AI Boom, Adobe Struggles

10/3/2025

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Summary

Story summary

Snowflake Inc. shares at $224, nearly double last year's lows, driven by data infrastructure and artificial intelligence adoption.
Analysts' average price target is $264, about 18% upside, though views vary.
Snowflake projects 24.9% annual revenue growth through 2028 with margins at 12.7%.
Adobe Inc. trades at $355, down 30% in a year, facing artificial intelligence competition; target $462 by 2027.

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Story summary

Snowflake Inc. shares at $224, nearly double last year's lows, driven by data infrastructure and artificial intelligence adoption.
Analysts' average price target is $264, about 18% upside, though views vary.
Snowflake projects 24.9% annual revenue growth through 2028 with margins at 12.7%.
Adobe Inc. trades at $355, down 30% in a year, facing artificial intelligence competition; target $462 by 2027.