Snowflake price target raised to $195 from $185 at Mizuho

Mizuho analyst Gregg Moskowitz raised the firm’s price target on Snowflake to $195 from $185 and keeps a Buy rating on the shares. The analyst’s fundamental enterprise software checks for the January period were generally solid, even as most of its contacts are expecting a meaningfully weaker Q1 and Q2. In addition, management teams across software have started aggressively cutting costs and moderating hiring, which is prudent given lower growth projections, the analyst tells investors in a research note. The firm continues to find the overall risk/reward "quite attractive," and believes investors should be rewarded over the medium-term, if not sooner.