Snowflake stock price target maintained at $300 by DA Davidson after strong earnings
PositiveFinancial Markets

- DA Davidson has maintained its stock price target for Snowflake at $300 following the company's strong earnings report, which indicated a positive financial performance despite some concerns regarding future revenue guidance. This decision reflects confidence in Snowflake's operational strategies and market position.
- The maintenance of the price target is significant for Snowflake as it suggests continued investor confidence in the company's ability to deliver strong results. The recent earnings report, which exceeded estimates, reinforces this positive outlook, although concerns about future revenue growth remain.
- This development occurs in a context where Snowflake has recently faced challenges, including a product revenue outlook that fell short of investor ambitions. Additionally, the company has made strategic moves, such as a $200 million AI deal with Anthropic, which may influence its market trajectory and investor sentiment moving forward.
— via World Pulse Now AI Editorial System




