KeyBanc analyst Eric Heath raised the firm’s price target on Snowflake (SNOW) to $210 from $185 and keeps an Overweight rating on the shares given strong second half of 2024 CIO Survey results for Data & Analytics. Vector database remains a fragmented market, but Snowflake was top cited independent vendor, the firm notes.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNOW:
- Unusually active option classes on open December 4th
- Alleged Snowflake (SNOW) Hacker Will Face Extradition Hearing Later This Year
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Snowflake’s Conditional Notes Conversion: A Looming Financial Risk
- Macy’s uncovers employee fraud, Summit to be acquired: Morning Buzz