Piper Sandler analyst Rob D. Owens lowered the firm’s price target on Overweight-rated Snowflake (SNOW) to $230 from $285 after transfer in analyst coverage. The firm notes the company ended 2026 strong with a record new logo quarter, record RPO performance and tangible AI momentum helping drive product growth acceleration. While investors may pick at the lowest percentage beat vs. guidance since Q1 2023, the firm believes the focus should center on accelerating forward-looking indicators and a better-than-expected 2027 outlook.
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