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.
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Read More on SNOW:
- Snowflake price target raised to $272 from $262 at Morgan Stanley
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