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Snowflake price target raised to $250 from $220 at Jefferies

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.

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