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Snowflake price target raised to $260 from $245 at Citizens JMP

Citizens JMP raised the firm’s price target on Snowflake (SNOW) to $260 from $245 and keeps an Outperform rating on the shares. The firm’s private company checks suggest an improvement from Q1 to Q2, the analyst tells investors in a research note. The firm asked 13 customers about their spending behavior over the next 12-18 months, out of which 12 said that their spending would be up.

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