Snowflake Inc. (SNOW) PT Raised to $205 at Mizuho

Mizuho analyst Gregg Moskowitz raised the price target on Snowflake Inc. (NYSE: SNOW) to $205.00 (from $195.00) while maintaining a Outperform rating.

The analyst commented: "Putting aside the recent market discussion about SNOW being interested in acquiring Redpanda, our partner checks on SNOW were generally good, including some large transactions and some improvement in Snowpark adoption for the first time. We also believe SNOW can show healthy product revenue upside this quarter. We raise our PT to $205 (was $195)."

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