Reported 2 days ago
Raymond James has upgraded Snowflake Inc.'s price target to $230 after the company exceeded revenue expectations for fiscal year 2026, reporting $1.14 billion in revenue and adjusted EPS of $0.38. The company raised its full-year product revenue guidance to $4.395 billion, indicating a 27% year-over-year growth. CEO Sridhar Ramaswamy emphasized Snowflake's leading position in AI data platforms, stating it is the best in the sector. Following these positive announcements, shares rose approximately 10% in after-hours trading.
Source: YAHOO