Citi raised the firm’s price target on Snowflake (SNOW) to $235 from $230 and keeps a Buy rating on the shares. The firm updated the company’s model post the Q4 report. Checks with conference participants and partners post the quarter across verticals, especially financial services and transportation, suggest strong demand for Snowflake, the analyst tells investors in a research note. Citi has increasing confidence around a potential second half of 2025 growth reacceleration trend for the company, and notes the share price is still 20% off the January highs.
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