Piper Sandler raises Snowflake's target price from $215 to $285.

Piper Sandler raises Snowflake's target stock price from $215 to $285, and maintains a "neutral" rating. The new target price implies a 42% upside potential from Snowflake's latest stock price. On August 27th, Snowflake's quarterly financial report showed that its revenue and net profit for the quarter exceeded market expectations.