Mizuho raised the firm’s price target on Snowflake (SNOW) to $260 from $235 and keeps an Outperform rating on the shares. The company’s “impressive” Q2 report show its momentum is continuing, the analyst tells investors in a research note. The firm sees sustained momentum in fiscal 2026 for Snowflake, citing the company’s “multiple emerging upside vectors,” including new products that should be additive to revenue. It views the stock’s valuation as reasonable.
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