Following these transactions, Degnan holds 319,896 shares directly, with additional holdings in various trusts. These holdings represent a significant stake in the company, which currently maintains a market capitalization of $61.5 billion. These holdings represent a significant stake in the company, which currently maintains a market capitalization of $61.5 billion.
Following these transactions, Degnan holds 319,896 shares directly, with additional holdings in various trusts. These holdings represent a significant stake in the company, which currently maintains a market capitalization of $61.5 billion.
Following these transactions, Degnan holds 319,896 shares directly, with additional holdings in various trusts.
In other recent news, Snowflake Inc . (NYSE:SNOW) has seen a wave of positive analyst reviews, following robust financial performance and promising developments in artificial intelligence (AI). Wedbush upgraded Snowflake from Neutral to Outperform, setting a new price target of $190, based on the company's potential growth in the AI sector. The firm's analysis suggests that Snowflake is well-positioned for significant gains in the next 12 to 18 months.
Snowflake's third-quarter results also led to Citi maintaining a Buy rating and raising its price target from $183 to $225. The firm cited the company's top-line performance and acceleration in bookings, driven by new product contributions and a consistent net revenue retention. Snowflake's GenAI product and its clear monetization strategy were highlighted as key factors in this positive outlook.
KeyBanc Capital Markets also adjusted its outlook on Snowflake, increasing the price target to $185 and maintaining an Overweight rating. The firm emphasized Snowflake's impressive product revenue, which surpassed expectations by 5%, and an upward revision for the fourth fiscal quarter guidance. The firm remains bullish on Snowflake's market position as a leading data cloud provider.
Monness Crespi Hardt maintained a Buy rating on Snowflake shares and increased its price target to $188, following strong third-quarter results and an upward revision of full-year guidance. The firm's updated estimates reflect belief in Snowflake's strengths and market opportunities.
Lastly, Jefferies raised its price target for Snowflake to $180, maintaining a Buy rating. The firm cited Snowflake's impressive quarterly performance, including a significant beat and raised expectations, along with an acceleration in Remaining Performance Obligations (RPO) growth.
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