Snowflake price target raised to $250 from $225 at Oppenheimer

Oppenheimer raised the firm’s price target on Snowflake (SNOW) to $250 from $225 and keeps an Outperform rating on the shares. The firm notes Snowflake hosted Summit’25 and an investor event this week, highlighting a deepening coverage of the data lifecycle, accelerating product velocity, and expansion into transactional workloads with its Crunchy Data acquisition. Oppenheimer’s customer conversations highlight a growing commitment of data/workloads to Snowflake with ease-of-use as a point of differentiation. The firm sees Snowflake’s expanding product capabilities as a testament to its improved execution and flexibility, and associated ability to drive customers to put more data/build more apps on Snowflake.