10:35 AM EDT, 08/28/2025 (MT Newswires) -- Snowflake (SNOW) continues to scale its sales and go-to-market processes, which "bodes well" for increasing broad platform engagement, Oppenheimer said in a Wednesday note.

The company posted "strong" fiscal Q2 results with revenue, EPS, gross margin, and operating margin all surpassing expectations, Oppenheimer analysts said. Fiscal Q3 product revenue guidance reflected anticipated growth of 25% to 26% and beat the consensus estimate, they said.

"Overall, strong execution on all fronts, reinforcing our belief Snowflake's growing in strategic importance to its largest customers," they said.

"We're bullish and continue to view Snowflake as a top pick."

Oppenheimer maintained the company's stock rating at outperform and increased its price target to $275 from $250.

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