Mizuho Securities Reiterates Buy Rating on Snowflake Inc. (SNOW) after management meetings

Mizuho Securities analyst Gregg Moskowitz reiterated a Buy rating and $185.00 price target on Snowflake Inc. (NYSE: SNOW).

"We recently hosted a virtual fireside chat with SNOW's CFO Mike Scarpelli and Director of Finance Jimmy Sexton. Despite ongoing macro pressures, mgmt. expressed confidence in its ability to drive large platform engagement going forward. Mgmt also discussed exciting initiatives that include Snowpark and a new connector for ServiceNow. While an increased focus on cost optimization by macro-sensitive customers is to be expected, we believe fundamentals at SNOW remain generally healthy, and that the company is better positioned than most consumption business models in this environment."

For an analyst ratings summary and ratings history on Snowflake Inc. click here. For more ratings news on Snowflake Inc. click here.

Shares of Snowflake Inc. closed at $139.19 yesterday.

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