Truist raised the firm’s price target on Snowflake (SNOW) to $235 from $210 and keeps a Buy rating on the shares. The company delivered a strong beat and raise out of the gate to start FY26 driven by both core momentum and the adoption of new workloads, the analyst tells investors in a research note. Truist adds that it did not hear signs of macro uncertainty impacting consumption on the call and believes that they are establishing the foundation of a strong go to market motion in the emerging AI landscape.
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’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