Oppenheimer Raises Price Target on Snowflake (SNOW) to $295 Amid Strong Q1 Results
Following strong first-quarter results with product revenue of $1.39 billion exceeding estimates, Oppenheimer raised its price target for Snowflake Inc. (NYSE: SNOW) from $250 to $295 and maintained an 'Outperform' rating. The firm highlighted Cortex Code's growth as a key driver in increased consumption.
Tickers: $SNOW
Topics: AI workloads Cortex Code Oppenheimer price target Snowflake