Jefferies raised the firm’s price target on Snowflake (SNOW) to $250 from $220 and keeps a Buy rating on the shares. The company made no major announcements at its user conference, but its innovation momentum is strong and fueling optimism, the analyst tells investors in a research note. The firm says Snowflake Intelligence is “early but generating strong buzz and could help broaden” the company’s reach. Jefferies sees potential upside to estimates.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNOW:
- Snowflake’s Growing Dominance: Buy Rating Affirmed Amid Positive Feedback and Strategic Innovations
- Cardinal Health, Dollar General, Snowflake, Constellation, and CrowdStrike: Trending by Analysts
- Snowflake’s Strong Growth Potential Driven by Innovation and Strategic Initiatives
- ‘There’s Still Time to Invest in Snowflake Stock,’ Says Five-Star Analyst
- Buy/Sell: Wall Street’s top 10 stock calls this week
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue