KeyBanc raised the firm’s price target on Snowflake (SNOW) to $220 from $210 and keeps an Overweight rating on the shares following a solid 3.6% Q4 beat on product revenue and FY26 product revenue guide $50M/$100M above consensus/KeyBanc estimates. The firm cites higher estimates and increasing conviction on Snowflake’s ability to expand beyond core data warehouse, Iceberg a long-term positive, and Snowflake an AI leader.
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