Snowflake Inc. (SNOW) PT Raised to $221 at RBC Capital on 'Higher Estimates'

RBC Capital analyst Matthew Hedberg raised the price target on Snowflake Inc. (NYSE: SNOW) to $221.00 (from $210.00) while maintaining an Outperform rating.

The analyst commented: "Snowflake delivered strong results highlighted by product revenue growth of +28% vs. consensus at +24%. We liked the continued favorable trends around large customers, stable consumption patterns and new product traction. Initial FY/26 guidance was bullish and reflected +24% product growth vs. consensus at +23%; we believe growth could approach 30% on building trends into the 2H/26. Maintain our OP rating and increase our PT to $221 from $210 on higher estimates as we remain bullish on the opportunity. SNOW remains our top large-cap pick for 2025."

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery
• Home Depot (HD) call put ratio 1.5 calls to 1 put with a focus on September 330 puts into quarter results