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On Thursday, Truist Securities maintained a positive outlook on Snowflake Inc . (NYSE: NYSE:SNOW), reaffirming its Buy rating and a price target of $210.00. Currently trading at $153.91 with a market capitalization of $51.35 billion, Snowflake’s stock has shown strong momentum with a 39% gain over the past six months, according to InvestingPro data. Following recent investor relations meetings, the research firm expressed continued confidence in Snowflake’s business direction under the leadership of CEO Sridhar Ramaswamy, who has completed his first year in the role.
Truist Securities highlighted the enhanced intensity in sales and research and development (R&D) efforts since Ramaswamy took charge. The firm emphasized the importance of this cultural shift for a company that operates on a consumption model, which requires ongoing improvements in the value delivered to customers to balance out advancements in hardware and software.
The research firm’s analysts pointed out that feedback from internal stakeholders at Snowflake has been positive, noting the significant impact of the CEO’s leadership on the company’s operations. This feedback supports Truist Securities’ decision to reiterate its Buy rating and price target for the company’s stock.
Snowflake’s focus on increasing value for its users is seen as a critical strategy for sustaining its business momentum. The company’s commitment to enhancing its offerings is expected to continue driving its growth trajectory.
The reiterated price target of $210.00 by Truist Securities reflects the firm’s expectation that Snowflake will maintain its positive performance and uphold the growth potential that has been identified during Ramaswamy’s tenure as CEO. Snowflake’s stock continues to be monitored by investors as the company progresses on its outlined path.
In other recent news, Snowflake Inc. has been the subject of several analyst reports highlighting its financial performance and future prospects. Citi analysts raised their price target for Snowflake to $235, maintaining a Buy rating, following a favorable earnings report that suggested a 30% revenue growth and a free cash flow margin above 25%. Evercore ISI also maintained an Outperform rating with a $230 target, projecting potential revenue growth acceleration by FY26, driven by products like Snowpark and Dynamic Tables. Meanwhile, RBC Capital Markets reiterated their Outperform rating with a $221 target, expressing confidence in Snowflake’s strategic direction after discussions with the company’s CFO.
Macquarie initiated coverage with a Neutral rating and a $160 target, noting Snowflake’s strong market positioning but expressing concerns about competition from larger hyperscalers in the generative AI space. The analysts also pointed out that the company’s fiscal year 2026 product revenue guidance offers less upside compared to fiscal year 2025. Despite these varied perspectives, there is a consensus on Snowflake’s potential for growth, especially in AI and data engineering sectors. As these developments unfold, investors will be closely watching Snowflake’s ability to navigate the competitive landscape and economic pressures.
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