Bernstein analyst Mark Moerdler raised the firm’s price target on Snowflake (SNOW) to $221 from $191 and keeps a Market Perform rating on the shares. The firm notes Snowflake reported Q2 earnings that were much better than expected, with a strong beat and raised guidance for the full year. The stock was up about 11% in the aftermarket.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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:
- Snowflake price target raised to $270 from $250 at Jefferies
- Snowflake price target raised to $255 from $225 at JPMorgan
- Snowflake’s Strong Growth and Versatility Justify Buy Rating with $280 Price Target
- Snowflake price target raised to $255 from $219 at Barclays
- Snowflake price target raised to $283 from $260 at Citizens JMP