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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