Snowflake price target raised to $205 from $185 at TD Cowen

TD Cowen raised the firm’s price target on Snowflake to $205 from $185 and keeps an Outperform rating on the shares. Snowflake’s analyst day event featured AI announcements, but there were many other announcements that should remind investors the expansive vision Snowflake has around the broader Data Cloud market, and the firm feels like the company is laying the foundation to be in a leading position in the emerging GenAI wave, the analyst says.