Snowflake Inc. (SNOW) PT Raised to $260 at Mizuho

Mizuho analyst Gregg Moskowitz raised the price target on Snowflake Inc. (NYSE: SNOW) to $260.00 (from $235.00) while maintaining a Outperform rating.

The analyst comments: "While we were bullish on SNOW ahead of F2Q earnings, we were not expecting the company's performance to be quite this strong. SNOW delivered an outstanding F2Q with Product revenue growth of 31.5% Y/Y easily beating the Street's ~25.5% forecast. RPO and cRPO were also strong, with 32.5% Y/Y growth. Moreover, mgmt once again increased its FY26 product revenue guide, this time to a very healthy 27% Y/Y vs. ~25% Y/Y previously."

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