Snowflake price target raised to $215 from $200 at Needham

Needham raised the firm’s price target on Snowflake (SNOW) to $215 from $200 and keeps a Buy rating on the shares after its Q4 earnings beat. The company experienced stable consumption trends, and when combined with new product traction, provided management the confidence to guide revenue meaningfully above the sell-side forecast and with an implied growth re-acceleration in the back-half of FY26, the analyst tells investors in a research note. Needham adds that it anticipates improved New Logo Acquisition in FY26 based on go-to-market changes and performance management.