Mizuho raised the firm’s price target on Snowflake (SNOW) to $235 from $215 and keeps an Outperform rating on the shares following the company’s user conference and investor day. Management articulated a strong go-to-market focus under its new Chief Revenue Officer, and highlighted its accelerated product innovation engine, the analyst tells investors in a research note. The firm believes “healthy” consumption activity, along with secular trends driving enterprises to modernize their data estates, set up Snowflake for sustained momentum in fiscal 2026.
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Read More on SNOW:
- Snowflake price target raised to $245 from $220 at Loop Capital
- Snowflake’s Strategic Advancements and Leadership Initiatives Justify Buy Rating
- Snowflake’s AI Innovations Highlighted Amidst Valuation Concerns: Hold Rating Advised
- Cautious Hold Rating on Snowflake Amid Strategic Expansion and AI/ML Growth Potential
- Snowflake upgraded to Buy from Neutral at UBS
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