Citizens JMP analyst Patrick Walravens raised the firm’s price target on Snowflake (SNOW) to $245 from $201 and keeps an Outperform rating on the shares. Snowflake reported strong Q1 results, featuring product revenue that beat consensus by 4%, and better than expected guidance, the analyst tells investors in a research note. While Snowflake is looking for a new CFO to replace Michael Scarpelli as he retires, Citizens says it continues to like this story for a number of reasons.
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Read More on SNOW:
- Snowflake price target raised to $219 from $203 at Barclays
- Snowflake, Inc. Reports Strong Q1 Fiscal 2026 Growth
- Snowflake CEO: We are right at the center of the AI revolution
- Closing Bell Movers: Snowflake jumps 7% on earnings
- Snowflake up 6% at $190 after Q1 earnings beat, product revenue outlook raise
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