BTIG raises Snowflake stock price target citing AI initiatives
BTIG raised its price target for Snowflake (NYSE: SNOW) to $235, up from $225 in early June, while holding onto its Buy rating. The move doesn’t come from any new financial projections—in fact, Snowflake’s latest presentation offered no updates on long-term growth metrics or revenue guidance.
What BTIG did like was the direction. The firm pointed to steady product momentum and a clear focus on expanding Snowflake’s core platform. Revenue growth clocked in at 27.5% over the past year, and Snowflake’s efforts to simplify and automate through AI seem to be resonating.
The firm also flagged Snowflake’s recent acquisition of Crunchy Data as a smart…
