Snowflake price target raised to $195 from $165 at Mizuho

Mizuho raised the firm’s price target on Snowflake (SNOW) to $195 from $165 and keeps an Outperform rating on the shares. The company delivered a much better than expected Q3, the analyst tells investors in a research note. The firm says the results “will go a long way towards changing the bearish narrative on the stock.” It believes Snowflake “has multiple emerging upside vectors” from new products, higher bookings, and increased consumption incentives.