RBC Capital raised the firm’s price target on Snowflake (SNOW) to $250 from $236 and keeps an Outperform rating on the shares. The firm’s checks from the Snowflake Summit 2025 and the company’s corresponding investor day were positive across competitive positioning, newer product traction, AI positioning and new product roadmap, the analyst tells investors in a research note. As expected, there were no financial updates given the ongoing search for a new CFO, RBC added.
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Read More on SNOW:
- 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
- Snowflake’s AI Innovations Highlighted Amidst Valuation Concerns: Hold Rating Advised
- Cautious Hold Rating on Snowflake Amid Strategic Expansion and AI/ML Growth Potential
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