Mizuho analyst Gregg Moskowitz raised the firm’s price target on Snowflake (SNOW) to $215 from $205 and keeps an Outperform rating on the shares. The company reported a strong Q1 with product revenue growth of 28% year-over-year, the analyst tells investors in a research note. The firm says management flowed through more than the beat, resulting in an “impressive” 25% fiscal 2025 product revenue guide. Mizuho believes “healthy” consumption activity, along with secular trends driving enterprises to modernize their data estates, set up Snowflake for sustained momentum in fiscal 2026.
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Read More on SNOW:
- Snowflake price target raised to $220 from $215 at Loop Capital
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- Snowflake’s Strong Growth and Strategic Advancements Justify Buy Rating and $220 Price Target
- Snowflake price target raised to $220 from $172 at BofA
- Snowflake price target raised to $220 from $210 at Stifel
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