RBC Capital analyst Matthew Hedberg raised the firm’s price target on Snowflake (SNOW) to $236 from $221 and keeps an Outperform rating on the shares. The company delivered a strong start to FY26, highlighted by product revenue growth of 26%, the analyst tells investors in a research note. Snowflake also saw no tariff/macro impact on the business, and the company’s FY26 growth could be biased higher on building momentum into the second half, RBC adds.
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