Truist Raises Snowflake Price Target to $300

Truist increased its Snowflake price target to $300 from $275, maintaining a Buy rating after the company's Investor Day on June 2. The analyst cited Cortex Code tools accelerating workload creation and platform expansion. Barclays also raised its target to $285. Snowflake stock has an average target of $296, a 24.23% upside from $238.26.