{
  "id": 10401105,
  "title": "PhillipCapital initiates Snowflake stock with buy rating on AI growth",
  "url": "https://urgent.news/2026/09/28/phillipcapital-initiates-snowflake-stock-with-buy-rating-on-ai-growth",
  "topic": "ai",
  "section": "AI",
  "published": "2026-09-28T08:14:49.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/phillipcapital-initiates-snowflake-stock-with-buy-rating-on-ai-growth-93CH-4919518"
  },
  "original_language": "en",
  "account": null,
  "summary": "PhillipCapital has initiated coverage on Snowflake Inc. (NYSE: SNOW) with a buy rating and a price target of $423.00, citing the accelerating adoption of cloud-native platforms driven by rising enterprise data volumes and artificial intelligence. The firm noted that AI products contributed roughly half of the company’s second-quarter fiscal 2027 growth acceleration, with Snowflake’s CoCo and CoWork products surpassing 9,100 and 5,800 adopted accounts, respectively. This contributed to a 37% year-over-year product revenue growth, the company’s strongest growth in three years.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}