Snowflake price target raised to $245 from $235 at Citi

Citi analyst Tyler Radke raised the firm’s price target on Snowflake (SNOW) to $245 from $235 and keeps a Buy rating on the shares. Snowflake “checked all the boxes” with an above average Q1 beat driven by resilient consumption, ramping new products, and bookings, says the analyst. A “solid raise” to the FY26 outlook and “strong” Q2 guidance indicate consumption trends remain robust in May despite the uncertain macro environment, the analyst added.