Snowflake price target raised to $255 from $219 at Barclays

Barclays raised the firm’s price target on Snowflake (SNOW) to $255 from $219 and keeps an Overweight rating on the shares. The company’s “beat and raise” Q2 report validates the shares as a core holding in software, the analyst tells investors in a research note. The firm says that while expectations were high, Snowflake’s “results were even better.