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Deutsche Bank raises Snowflake stock target amid strong financial performance

Deutsche Bank has raised its price target for Snowflake Inc. to $220, maintaining a Buy rating, following a strong fourth-quarter earnings report that exceeded expectations. The company reported a 30.3% revenue growth and a gross profit margin of 67.3%, with analysts optimistic about its future profitability and growth trajectory. Other firms, including Stifel and RBC Capital Markets, have also increased their targets, reflecting confidence in Snowflake's strategic initiatives and market position.
Investing.com South Africa
Snowflake Inc. Stifel, Nicolaus & Company Inc. DEUTSCHE BANK AG Truist Securities Inc. RBC Capital Markets LLC USA Mike Scarpelli Show more
Finance & Economy, Market Report
18:05 27.02.2025
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