How Analysts Treated Snowflake Post Q2? - Snowflake (NYSE:SNOW)

Analysts raised their price target following Snowflake Inc's SNOW Q2 beat betting on strong enterprise consumption.
Barclays analyst Raimo Lenschow raised the price target to $295 from $270, implying a 4% upside, and reiterated an Equal Weight rating.
However, the meaningful slowdown in RPO and bookings growth coupled with FY22 sales guidance could baffle investors, Lenschow said.
Loop Capital analyst Yun Kim raised the price target to $295 from $250 but kept a Hold.
Piper Sandler analyst Brent Bracelin raised the price target to $305 from $290, signifying a 7.5% upside, and maintained an Overweight.
Bracelin increased revenue estimates by $42 million for 2022 and $35 million for 2023 based on robust consumption and customer addition trends.
JMP Securities analyst Patrick Walravens raised the price target to $320 from $300, implying a 12.8% upside, and affirmed an Outperform.
Deutsche Bank analyst Patrick Colville raised the price target to $320 from $265 and maintained a Buy.
Mizuho analyst Gregg Moskowitz raised the price target to $340 from $320, implying a 19.8% upside, and reiterated a Buy.
Goldman Sachs analyst Kash Rangan raised the price target to $340 from $300 and affirmed a Buy.
Cowen analyst J. Derrick Wood raised the price target to $335 from $310, implying an 18.1% upside, and reiterated an Outperform.
Price Action: SNOW shares traded higher by 4.25% at $295.83 in the market session on the last check Thursday.