Evercore ISI Raises Snowflake Price Target to $250

Evercore ISI Raises Price Target for Snowflake Inc. to $250, Citing Resurgence in Demand for Cloud Data Management

On Monday, Evercore ISI, a leading financial research and investment banking firm, increased its price target for Snowflake Inc. to $250 from the previous $235. This upward revision comes as the firm’s analyst points to a survey of 15 large Snowflake partners, which suggests a resurgence in demand for cloud data management. As a result, Evercore ISI predicts higher estimates for Snowflake in 2024.