JPMorgan raised the firm’s price target on Snowflake (SNOW) to $225 from $210 and keeps an Overweight rating on the shares. The firm saw strong execution in the Q1 report. Snowflake raising its fiscal 2026 Product revenue outlook above the Q1 beat while peers are largely electing not to raise full-year guidance due to macro conservatism, the analyst tells investors in a research note. JPMorgan remains constructive on Snowflake’s ability to deliver improving growth trends as new features increasingly contribute to sales.
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