Raymond James raised the firm’s price target on Snowflake (SNOW) to $230 from $212 and keeps an Outperform rating on the shares. The company reported a “beat and raise” fiscal Q2 as its revenue growth accelerated, the analyst tells investors in a research note. The firm upped estimates post the earnings print on stronger consumption, product growth, and artificial intelligence product momentum.
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 $272 from $262 at Morgan Stanley
- Snowflake price target raised to $260 from $220 at Stifel
- Snowflake price target raised to $250 from $210 at Rosenblatt
- Snowflake price target raised to $275 from $250 at KeyBanc
- Snowflake price target raised to $260 from $220 at Canaccord