Jefferies lowered the firm’s price target on Snowflake (SNOW) to $250 from $300 and keeps a Buy rating on the shares following what the firm calls “a clean print” with product revenue ahead of expectations, accelerating AI adoption, and FY27 guidance that implies durable high-20s growth with operating margin expansion. With AI workloads still early and under-reflected in guidance, Snowflake remains “a leading AI beneficiary,” the analyst tells investors.
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