Loop Capital keeps a Buy rating and $225 price target on but notes that the company’s Investor Day presentation highlighted its accelerating pace of innovation. The event contained numerous features of past conferences – namely, positive sentiment, new product introductions, and dedication to innovation – though this year, it brought even greater awareness and clarity of the looming challenges the company faces, particularly around driving continued high growth in the core data warehouse business, accelerating customer adoption for building data apps on the Snowflake platform, and transforming the company to a broader AI data play,the analyst tells investors in a research note.
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