KeyBanc Reiterates Overweight Rating on Snowflake Inc. (SNOW)

KeyBanc analyst Eric Heath reiterated an Overweight rating and $235.00 price target on Snowflake Inc. (NYSE: SNOW).

The analyst commented: "Solid F4Q Revenue Beat, Though Bookings and FY27 Guide Strong; Reiterate Overweight following a solid F4Q as the 2.4% product revenue beat vs. guidance was modest, though bookings were strong up 50% y/y and the FY27 organic guide ~$70M above consensus also strong. Bookings were driven by seven 9-figure deals, including a >$400M deal with an existing financial services customer. Snowflake Intelligence and Cortex Code were highlighted as two emerging products driving strong consumption across the platform. We remain positive on Snowflake benefiting from organizations' AI initiatives and its broadening platform. Maintain $235 PT."

For an analyst ratings summary and ratings history on Snowflake Inc. click here. For more ratings news on Snowflake Inc. click here.

Shares of Snowflake Inc. closed at $169.21 yesterday.

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