Snowflake price target raised to $250 from $230 at TD Cowen

TD Cowen raised the firm’s price target on Snowflake to $250 from $230 and keeps an Outperform rating on the shares. The firm previewed the quarter and said their checks point to strong large deal booking activity in 4Q, customers’ focus shifting from cost optimization to revenue generation, and strengthening consumption trends exiting the quarter.