Snowflake price target raised to $290 from $280 at Scotiabank

Scotiabank raised the firm’s price target on Snowflake (SNOW) to $290 from $280 and keeps an Outperform rating on the shares. The firm notes that while top-line product revenue in Q3 was “exceptional,” it was “not exceptional enough” and slightly below buy-side expectations, the analyst tells investors. The firm continues to like the company’s shares, noting continued checks on healthy spending momentum.