TD Cowen raised the firm’s price target on Snowflake (SNOW) to $300 from $275 and keeps a Buy rating on the shares. The firm said there is a lot tolike about the story following its solid Q3 results and guidance. They see the pullback in the shares as a chance to add to positions, noting they were encouraged by NRR stability, the $100m AI ARR milestone, impressive new customer momentum, and healthy 4Q guide.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNOW:
- Snowflake showing sustained momentum, says DA Davidson
- Snowflake price target raised to $300 from $280 at Evercore ISI
- Snowflake price target raised to $278 from $275 at Cantor Fitzgerald
- Snowflake price target raised to $237 from $221 at Bernstein
- Wedbush recommends buying Snowflake on any weakness in shares