Oppenheimer Raises the PT on Snowflake Inc (SNOW), Keeps a Buy Rating

​Snowflake Inc. (NYSE:SNOW) is one of the Best Revenue Growth Stocks to Invest In. On October 17, Oppenheimer analyst Ittai Kidron raised the firm’s price target on Snowflake Inc. (NYSE:SNOW) from $175 to $295, while keeping an Outperform rating on the stock.

​The analyst noted that they expect the companies dealing in analytics, data, infrastructure, and security software to deliver solid quarterly earnings. They also expect most of the companies in this group to report revenue growth and modestly increase full-year guidance. This is because the firm’s model suggests solid Q3 deal flows, strong lead generation for Q4, along a normalized competitive environment.

Snowflake Inc. (NYSE:SNOW) is a technology company that specializes in providing a cloud-based platform that provides data cloud and artificial intelligence solutions.

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Disclosure: None. This article is originally published at Insider Monkey.