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Snowflake shares rose after second-quarter results and guidance prompted multiple analysts to keep bullish ratings and raise price targets, citing AI product adoption, strong consumption and continued customer renewal strength.
Rosenblatt kept its Buy rating on Snowflake and raised its price target to $370.00 per share from $345.00.
Snowflake is set to report second-quarter results Wednesday after the close, with analysts expecting $1.48 billion in revenue and 45 cents a share in earnings.
Rosenblatt raised its Snowflake price target to $345.00 per share from $285.00.