TD Cowen analyst Derrick Wood raised the firm’s price target on Snowflake (SNOW) to $230 from $210 and keeps a Buy rating on the shares. Snowflake’s Q1 was “strong,” with product growth of 26% beating Street estimates and raising fiscal 2026 guidance, the analyst tells investors in a research note. The firm sees room for a continued beat and raise cadence, with new products ramping further.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNOW:
- Snowflake price target raised to $236 from $221 at RBC Capital
- Morning Movers: Advance Auto races higher after first quarter earnings beat
- Snowflake price target raised to $232 from $200 at Evercore ISI
- Snowflake price target raised to $225 from $210 at Oppenheimer
- Snowflake price target raised to $235 from $210 at Truist