Snowflake price target raised to $190 from $175 at Mizuho

Mizuho analyst Gregg Moskowitz raised the firm’s price target on Snowflake (SNOW) to $190 from $175 and keeps a Buy rating on the shares following the investor day. Over the last couple of days, Snowflake announced a “slew of interesting” new generative artificial intelligence updates, including a significant partnership with Nvidia (NVDA), the analyst tells investors in a research note. In addition, Snowpark adoption has been picking up, says the firm. It increased the price target on higher comp multiples and some increased optimism on Snowpark and generative AI.