Includes major US listed cloud computing service providers. These companies provide IAAS, SAAS, and PAAS services, infrastructure, and solutions for companies and individuals, enabling them to quickly deploy and manage their own operations, applications, and systems. Cloud computing is a significant investment opportunity for its potential cost savings. By moving IT infrastructure to the cloud, companies can reduce capital expenditures on hardware and software and only pay for the services they use, freeing up resources to invest in other areas such as research and development or marketing. Increasing demand for storage and processing power is driving the growth of cloud computing. As more businesses move to digital platforms and adopt technologies like AI, the amount of data being generated is growing exponentially. Cloud computing offers a scalable solution to handle this data.
Salesforce Analyst Ratings
Wells Fargo Maintains Equal-Weight on Salesforce, Lowers Price Target to $300
UBS Adjusts Snowflake Price Target to $190 From $185, Maintains Neutral Rating
Keybanc: Maintaining the Snowflake (SNOW.US) rating, adjusted from an increase holdings to an increase rating, and the target price was adjusted from $185.00 to $200.00.
Analysts Offer Insights on Technology Companies: Salesforce (CRM), Remitly Global (RELY) and International Business Machines (IBM)
RBC Raises Price Target on Snowflake to $226 From $220 on 'Strong Execution,' Keeps Outperform Rating
Snowflake Inc: Barclays Raises Price Target from $188 to $191
Salesforce Inc: Wells Fargo cuts price target from $310.00 to $300.00
Piper Sandler Reiterates Overweight on Snowflake, Maintains $240 Price Target
Snowflake Inc: J.P. Morgan raises price target from $170 to $185
Citigroup Adjusts Salesforce's Price Target to $323 From $339, Maintains Neutral Rating
Microsoft Analyst Ratings
Wedbush: Reiterated the Snowflake (SNOW.US) rating and adjusted from neutral to neutral, with a target price of $210.00.
Snowflake Analyst Ratings
Wedbush Reiterates Neutral on Snowflake, Maintains $210 Price Target
IBM Analyst Ratings
RBC Capital Reiterates Outperform on IBM, Maintains $200 Price Target
Changes in Hong Kong stocks | Lenovo Group (00992) opened more than 3% and joined forces with Qualcomm and Microsoft to launch next-generation AI PC Xiaomo to raise Lenovo's rating
ARC Independent Research Adjusts Price Target on Amazon.com to $220 From $215
Microsoft Copilot Plus PCs Might Spark PC Upgrade Cycle: Analysts