Truist raised the firm’s price target on Snowflake (SNOW) to $235 from $210 and keeps a Buy rating on the shares. The company delivered a strong beat and raise out of the gate to start FY26 driven by both core momentum and the adoption of new workloads, the analyst tells investors in a research note. Truist adds that it did not hear signs of macro uncertainty impacting consumption on the call and believes that they are establishing the foundation of a strong go to market motion in the emerging AI landscape.
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