Truist raised the firm's price target on Snowflake to $300 from $275 and keeps a Buy rating on the shares. Following discussions at the Snowflake Summit 2026, customer and partner feedback suggest that Snowflake's CoCo tools are accelerating workload creation, migrations, and platform expansion, driving higher usage while strengthening Snowflake's role as a governance, connectivity, and orchestration layer for enterprise AI, supporting expectations for improved productivity, operating leverage, and long-term AI-driven growth, the analyst tells investors in a research note.
