Snowflake price target raised to $280 from $230 at Scotiabank

Scotiabank raised the firm’s price target on Snowflake (SNOW) to $280 from $230 and keeps an Outperform rating on the shares. The company reported a strong beat and raise, delivering these results even against elevated expectations, the analyst tells investors. The firm believes Snowflake is making “the right moves” in AI innovation.