Oppenheimer raised the firm’s price target on Snowflake (SNOW) to $275 from $250 and keeps an Outperform rating on the shares. The firm notes Snowflake delivered strong Q2 results and raised FY26 guidance on broad-based demand and accelerated platform consumption. Overall, strong execution on all fronts, reinforcing Oppenheimer’s belief Snowflake’s growing in strategic importance to its largest customers. The firm is bullish and continues to view Snowflake as a top pick.
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