TD Cowen raised the firm’s price target on Snowflake (SNOW) to $240 from $230 and keeps a Buy rating on the shares. The firm attended the company’s conference and analyst day where they learned the company is leaning into an accelerated product roadmap around core analytics, unstructured workloads & AI, which bolsters its competitive position. The company is also hiring more aggressively and investing to accelerate ramp times, a strong demand signal.
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