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Snowflake showing sustained momentum, says DA Davidson

DA Davidson keeps a Buy rating and $300 price on Snowflake (SNOW) after its “strong” Q3 earnings. The quarte was highlighted by a beat on top and bottom-line expectations, with the management also raising its fiscal year top-line guidance, the analyst tells investors in a research note. Snowflake further noted that they continue to see strong momentum across the core business along with newer AI/ML and data engineering categories, the firm added.

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