DA Davidson keeps a Buy rating and $250 price target on Snowflake (SNOW) ahead of its Q2 results this week. The firm is seeing durable momentum across the company’s core data warehouse, Snowpark, data engineering, and AI/ML products, which is also backed by what it is hearing from conversation with The DEN and its proprietary DaVinci Developer Dataset which is seeing record developer activity, the analyst tells investors in a research note.
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