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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