Rosenblatt Upgrades Snowflake Inc. (SNOW) to Buy

Rosenblatt analyst Blair Abernethy upgraded Snowflake Inc. (NYSE: SNOW) from Neutral to Buy with a price target of $185.00.

The analyst comments "We recently attended a customer event in Toronto, along with several hundred regional customers, partners, and prospects who are considering moving to Snowflake. We came away from the presentations and our customer discussions encouraged that, while we expect revenue growth to be slower this year (expecting 22% in FY25 vs 36% last year), broad-based customer interest in the Snowflake platform and the expanding ecosystem around the Company remain very healthy. Given the post-Q4 results weakness in the stock and 22% implied return to our $185 12-month target price, we are taking this opportunity to upgrade Snowflake to a Buy."

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 $151.34 yesterday.

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