Oppenheimer raised the firm’s price target on Snowflake (SNOW) to $225 from $210 and keeps an Outperform rating on the shares. The firm notes Snowflake delivered strong Q1 results on broad-based demand and steady consumption trends. Management expressed incremental confidence and is carrying through the strong Q1 performance/steady consumption into raised FY26 guidance. In addition, better-than-expected Snowpark and Dynamic Tables activity and strong AI adoption suggest that newer products are resonating with customers, Oppenheimer says. The firm is bullish and views Snowflake as a top pick. If macro conditions hold, Oppenheimer sees room for upside, especially considering the still-nascent AI opportunity, continued product expansion, and the maturing sales/GTM motion.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNOW:
- Snowflake’s Strong Financial Performance and Innovations Drive Buy Rating
- Snowflake’s Strong Performance and Promising Outlook Justify Buy Rating
- Snowflake price target raised to $212 from $196 at Raymond James
- Snowflake price target raised to $250 from $200 at DA Davidson
- Snowflake price target raised to $210 from $200 at UBS
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue