KeyBanc analyst Eric Heath initiated coverage of Snowflake with an Overweight rating and $185 price target. The analyst is positive on Snowflake’s “durable” 20% growth, driven by continued legacy migrations, improving public cloud migration trends, a significantly expanding product portfolio, and the use of the company’s “easy-to-use” governed platform for developing and hosting generative artificial intelligence workloads.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNOW:
- Krispy Kreme upgraded, Altice USA downgraded: Wall Street’s top analyst calls
- Rosenblatt upgrades Snowflake to Buy on recent stock pullback
- Snowflake upgraded to Buy from Neutral at Rosenblatt
- Snowflake (NYSE:SNOW) Receives Analyst Praise, Shares Still Slip
- Fly Insider: 2seventy bio, Coinbase among week’s notable insider trades