KeyBanc analyst Eric Heath raised the firm’s price target on Snowflake (SNOW) to $275 from $250 and keeps an Overweight rating on the shares following a strong Q2 beat/raise and 6pt product revenue acceleration. KeyBanc continues to see Snowflake benefiting its data gravity, a strong pace of product innovation – expanding beyond core data warehouse, and enterprise’s focus on a combined data and AI strategy.
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