BofA raised the firm’s price target on Snowflake (SNOW) to $205 from $195 and keeps a Buy rating on the shares. While there is some concern around near-term Middle East demand headwinds, the firm is “not overly concerned” as revenue from the region is minimal and thinks Snowflake will deliver “strong” fiscal Q1 results after the market close on Wednesday, May 27. The robust demand Snowflake was seeing heading into this year “should continue unabated,” the analyst tells investors in a preview.
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