Snowflake price target raised to $225 from $210 at Truist

Truist raised the firm’s price target on Snowflake (SNOW) to $225 from $210 and keeps a Buy rating on the shares. The company produced continued product growth momentum to close the year and a strong guide for the year ahead, with the management also having expressed confidence in their commentary on the trajectory of the business by indicating that they see both sales and R&D organizations as firing on all cylinders, the analyst tells investors in a research note.