TD Cowen raised the firm’s price target on Snowflake (SNOW) to $240 from $230 and keeps a Buy rating on the shares. The firm attended the company’s conference and analyst day where they learned the company is leaning into an accelerated product roadmap around core analytics, unstructured workloads & AI, which bolsters its competitive position. The company is also hiring more aggressively and investing to accelerate ramp times, a strong demand signal.
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 Strategic Advancements and Market Resilience Justify Buy Rating
- Snowflake price target raised to $250 from $236 at RBC Capital
- Snowflake price target raised to $235 from $215 at Mizuho
- Snowflake price target raised to $245 from $220 at Loop Capital
- Snowflake’s Strategic Advancements and Leadership Initiatives Justify Buy Rating