Rosenblatt raised its Snowflake Inc. price target to $345. The firm increased the target from $285 while maintaining a Buy rating. Snowflake reports second-quarter fiscal 2027 earnings on September 2.
Analysts attribute the revision to strong channel checks and enterprise cloud migration. The successful adoption of Cortex AI Gateway and CoCo products drives growth. Snowflake's stock surged 97% over the past six months. Shares currently trade near a 52-week high.
Cantor Fitzgerald recently raised its price target to $405. Benchmark and TD Cowen also increased targets based on AI monetization. The consensus rating among 40 brokerages is a Moderate Buy.