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Scotiabank of Canada raised Snowflake's target share price from $320 to $440; Piper Sandler raised its target price from $320 to $450; Jefferies raised its target price from $385 to $430; J.P. Morgan raised its target price from $285 to $426; BTIG raised its target price from $340 to $424; Barclays raised its target price from $332 to $384. Snowflake's quarterly results on Wednesday surpassed Wall Street expectations and raised its full-year product revenue forecast, driving the stock price to soar more than 20% in after-hours trading due to increased demand for its cloud data platform and artificial intelligence products. The company currently expects product revenue to reach US$6.07 billion in fiscal year 2027, compared to the previous forecast of US$5.84 billion.

Zhitongcaijing·09/03/2026 04:33:03
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Scotiabank of Canada raised Snowflake's target share price from $320 to $440; Piper Sandler raised its target price from $320 to $450; Jefferies raised its target price from $385 to $430; J.P. Morgan raised its target price from $285 to $426; BTIG raised its target price from $340 to $424; Barclays raised its target price from $332 to $384. Snowflake's quarterly results on Wednesday surpassed Wall Street expectations and raised its full-year product revenue forecast, driving the stock price to soar more than 20% in after-hours trading due to increased demand for its cloud data platform and artificial intelligence products. The company currently expects product revenue to reach US$6.07 billion in fiscal year 2027, compared to the previous forecast of US$5.84 billion.