Bernstein raised the firm’s price target on Snowflake (SNOW) to $237 from $221 and keeps a Market Perform rating on the shares following quarterly results. While the results were good, they fell short of elevated expectations, the firm says. For Q3, Snowflake beat consensus on revenue by 3% and raised its FY26 guide by about 1.5%, which was ahead of consensus but in-line with historical cadence.
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