Citi analyst Tyler Radke raised the firm’s price target on Snowflake (SNOW) to $230 from $225 and keeps a Buy rating on the shares ahead of the Q4 report. The firm says its channel checks were “slightly mixed” on the quarter, with artificial intelligence monetization that remains early, macro caution with some partners noting a downtick in growth trend, and weaker new customer additions. Citi says that while Snowflake’s near-term catalyst path is still mixed, it sees a solid entry point into the shares at current levels.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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’s Growth Potential and Attractive Valuation Justify Buy Rating Despite Market Caution
- Snowflake Is About to Report Q4 Earnings Tomorrow. Here’s What to Expect
- Options Volatility and Implied Earnings Moves This Week, February 24 – February 28, 2025
- Snowflake price target raised to $161 from $154 at Bernstein
- SNOW Earnings this Week: How Will it Perform?