TD Cowen raised the firm’s price target on Snowflake to $205 from $185 and keeps an Outperform rating on the shares. Snowflake’s analyst day event featured AI announcements, but there were many other announcements that should remind investors the expansive vision Snowflake has around the broader Data Cloud market, and the firm feels like the company is laying the foundation to be in a leading position in the emerging GenAI wave, the analyst says.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SNOW:
- SNOW Stock Soars as Analysts Rate It a Buy
- Snowflake resumed with an Outperform at William Blair
- Snowflake price target raised to $195 from $185 at Wells Fargo
- Snowflake price target raised to $235 from $218 at MoffettNathanson
- Braze launches Braze Instant Insights
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue