From Yahoo Finance: 2025-05-25 07:10:00

Oppenheimer raised Snowflake Inc.’s price target to $225, citing strong FQ1 2026 results driven by broad demand and consistent consumption trends. CEO highlights ‘another strong quarter’ with $1 billion total revenue, 26% year-over-year growth, and 606 customers exceeding $1 million in product revenue. Snowflake serves 754 Forbes Global 2000 customers.

The firm also noted better-than-expected activity in Snowpark and Dynamic Tables, along with robust AI adoption, signaling new products resonate well with customers. Oppenheimer sees Snowflake as a top pick with potential upside, especially if macroeconomic conditions stay stable. Snowflake provides a cloud-based data platform globally.

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Read more: Oppenheimer Maintains Outperform Rating on Snowflake (SNOW), Lifts PT