TD Cowen analyst Derrick Wood raised the firm’s price target on Snowflake (SNOW) to $230 from $210 and keeps a Buy rating on the shares. Snowflake’s Q1 was “strong,” with product growth of 26% beating Street estimates and raising fiscal 2026 guidance, the analyst tells investors in a research note. The firm sees room for a continued beat and raise cadence, with new products ramping further.
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 $236 from $221 at RBC Capital
- Morning Movers: Advance Auto races higher after first quarter earnings beat
- Snowflake price target raised to $232 from $200 at Evercore ISI
- Snowflake price target raised to $225 from $210 at Oppenheimer
- Snowflake price target raised to $235 from $210 at Truist