BTIG raised the firm’s price target on Snowflake (SNOW) to $276 from $235 and keeps a Buy rating on the shares. The company posted “exceptional” Q2 results with better-than-expected updated FY26 outlook as the management noted that strength in the quarter was driven mainly by the core warehouse business and that newer products / workloads help drive some upside, the analyst tells investors in a research note. Snowflake also benefited from some large customers migrations where consumption spiked, the firm added.
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Read More on SNOW:
- Snowflake price target raised to $230 from $212 at Raymond James
- Snowflake price target raised to $272 from $262 at Morgan Stanley
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