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.
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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