Wedbush raised the firm’s price target on Snowflake (SNOW) to $160 from $130 and keeps a Neutral rating on the shares. The firm notes the company reported its Q3 earnings which saw strong beats along the top and bottom-line driven by better-than-expected product revenues compared to the Street, while also announcing a partnership with Anthropic to bring its Claude models directly into Snowflake’s AI Data Cloud.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNOW:
- Snowflake price target raised to $190 from $170 at Evercore ISI
- Snowflake price target raised to $200 from $160 at Needham
- Snowflake beat on every metric in Q3, says Loop Capital
- Snowflake price target raised to $185 from $160 at BofA
- Snowflake momentum snowballing toward meaningful ramp, says Canaccord