TD Cowen raises Snowflake's price target to $240 following positive Analyst Day feedback

From Yahoo Finance: 2025-06-26 12:11:00

TD Cowen raised Snowflake Inc.’s price target to $240 after Analyst Day highlighted accelerated product roadmap. Analysts praised core analytics, unstructured workloads, and AI offerings. Snowflake’s strategic focus in these areas is driving demand and market position. The company is also investing in hiring and operational scaling to meet robust demand.

Analysts came away from Snowflake’s Summit ’25 conference optimistic, noting improvements in OLAP performance, new AI offerings, and enhanced data management capabilities. Snowflake is refreshing its go-to-market investments, supporting a positive outlook. The company provides a cloud-based data storage platform for analysis, storage, and sharing.

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Read more: TD Cowen Raises Snowflak (SNOW) Price Target to $240 After Analyst Day Highlights Product Momentum