Truist raised the firm’s price target on Snowflake to $210 from $200 and keeps a Buy rating on the shares. The company produced a strong earnings beat and raise across the board, driven by stabilizing demand and resumed growth in their largest customers’ consumption, the analyst tells investors in a research note. Truist adds that it remains impressed by the resiliency of Snowflake’s data cloud platform and continues to believe they will be a leading beneficiary of next-gen workloads.
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