Snowflake price target raised to $210 from $187 at Stifel

Stifel analyst Brad Reback raised the firm’s price target on Snowflake (SNOW) to $210 from $187 and keeps a Buy rating on the shares. Product revenue beat expectations by 3%-4% and operating margin came in about 500 basis points better than expected in a “strong” Q4, the analyst tells investors. The firm highlights that the FY26 product revenue guidance of $4.28B was above consensus at $4.23B as management expects revenue from newer product features to supplement the stabilizing core and drive a step up in second half growth. While retiring CFO Mike Scarpelli “will be missed, he leaves the company in a strong operational position,” the analyst added.