Wells Fargo raised the firm’s price target on Snowflake (SNOW) to $275 from $250 and keeps an Overweight rating on the shares. The firm notes the company posted a clean Q2 beat and raise, with revenue re-acceleration now back to over 30% growth. Key question from here likely around ability to sustain growth as customers expand out to new workloads into the second half of the year, Wells adds.
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