J.P. Morgan: Databricks valuation surge drives reevaluation of AI data platform value, Snowflake (SNOW.US) expected to rise another 14%

According to the Securities Times APP, Jefferies stated that after competitor Databricks received a new round of financing and reached a valuation of $188 billion, the stock price of data warehouse software giant Snowflake (SNOW.US) may undergo a "reassessment." Jefferies reiterated its "buy" rating on Snowflake and slightly raised its target price from $300 to $310, a 14% increase from the current stock price.