BofA analyst Brad Sills raised the firm’s price target on Snowflake (SNOW) to $185 from $160 and keeps a Neutral rating on the shares. While stating that better Q3 results suggest that headwinds that impacted product revenue and consumption are subsiding and noting that product revenue of $900M “well exceeded” the firm’s estimate of $852M, the firm reiterates its Neutral rating pending signs of sustained stabilization.
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