Bernstein raised the firm’s price target on Snowflake (SNOW) to $171 from $161 and keeps a Market Perform rating on the shares following quarterly results. The firm liked the setup heading into the results and Snowflake delivered as it expected, with a strong beat and above consensus guidance for next year.
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Read More on SNOW:
- Snowflake price target raised to $200 from $190 at UBS
- Snowflake’s Growth Prospects: Stable Trends, New Product Traction, and Strategic Leadership
- Snowflake price target raised to $215 from $208 at Piper Sandler
- Snowflake price target raised to $215 from $210 at Wells Fargo
- Snowflake’s Growth Prospects: Balancing Strong Performance with Future Uncertainties