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RBC Capital initiates coverage on Snowflake Inc. (SNOW)

January 5, 2024 9:16 AM EST

RBC Capital initiated coverage on Snowflake Inc. with an Outperform rating and set a 12-month price target of $230.00 on the stock.

We are bullish on their LT growth opportunity and think upside to consensus estimates seems likely. Wrote RBC analysts in a note.

RBC Capital has a long history of engagement with Snowflake's management, including through prior companies. Their analysts... More