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Canaccord Genuity analyst Kingsley Crane maintains Snowflake (NYSE:SNOW) with a Buy and raises the price target from $240 to $325.
Piper Sandler analyst Rob Owens reiterates Snowflake (NYSE:SNOW) with a Overweight and raises the price target from $230 to $295.
Bernstein analyst Mark Moerdler maintains Snowflake (NYSE:SNOW) with a Market Perform and raises the price target from $195 to $250.
U.S. stocks pushed to fresh record highs after a US-Iran ceasefire memorandum eased inflation fears, while Snowflake's 37% earnings blowout lifted AI software names.
Snowflake announced a $6B commitment to Amazon AWS and a blowout quarter, signaling a strategic bet on AI infrastructure.
US stocks higher, Nasdaq up 200 pts. Agilent Technologies Inc surges after beating Q2 estimates and raising EPS guidance. Other big gains include UMAC, BRAI, SNOW, and RCAT.
Truist Securities analyst Miller Jump reiterates Snowflake (NYSE:SNOW) with a Buy and raises the price target from $240 to $275.
RBC Capital analyst Matthew Hedberg maintains Snowflake (NYSE:SNOW) with a Outperform and raises the price target from $220 to $284.
Snowflake shares surged after the company said AI products like Cortex Code are accelerating platform consumption, customer growth and revenue guidance.