Snowflake price target raised to $225 from $210 at Citi

Citi analyst Tyler Radke raised the firm’s price target on Snowflake to $225 from $210 and keeps a Buy rating on the shares. The firm says that dDespite concerns around weaker cloud consumption models and optimizations, it remains buyers of Snowflake shares. The analyst sees offsets from "strong visibility" into enterprise customers ramps in fiscal 2024 and continued prioritization of data/analytics projects. Solid partner inputs suggest Snowflake practices tracking in-line to ahead of plan, Citi adds.