Snowflake price target raised to $225 from $185 at UBS

UBS analyst Karl Keirstead raised the firm’s price target on Snowflake to $225 from $185 and keeps a Neutral rating on the shares ahead of the Q4 print on January 28. The stock stock reflects an expectation for at least revenue growth stabilization at the mid-30% level in fiscal 2025, if not an acceleration into the high-30s, the analyst tells investors in a research note. The firm’s checks did not give provide sufficient confidence in a 35%-40% reported growth rate in FY25, the firm adds.