Analysts: Snowflake’s (SNOW) Rumored Observe Deal Makes Strategic Sense
Snowflake Inc. (NYSE:SNOW) is one of the AI Stocks on Market Radar. On December 23, Baird reiterated the stock as “Outperform” with a price target of 1B acquisition of privately-held Observe as strategically logical, with low integration risk. “Yesterday evening, rumors surfaced (via an article published by The Information) that SNOW could be in talks to acquire privately-held Observe. The rumored ~$1 billion price tag would be SNOW’s biggest acquisition to-date, but w ...