Strong consumer growth and increased usage of AI intelligent agent CoCo! Oppenheimer raises Snowflake (SNOW.US) target price to $400

Zhihu Finance APP has learned that Oppenheimer has raised Snowflake’s (SNOW.US) target price from $295 to $400, while maintaining an “Outperform” rating on the stock. Analysts led by Ittai Kidron stated that their research on Snowflake shows strong consumption and sales pipeline generation across regions and industries, robust momentum in large deals, accelerating migration activities, and a continuously expanding usage rate of the company’s AI programming intelligent agent CoCo.