Citi analyst Tyler Radke upgraded Snowflake to Buy from Neutral with a price target of $470, up from $299, following last night’s results. Snowflake’s growth is at an “inflection point” following the “very strong” Q3 report, Radke tells investors in a research note. The analyst believes large enterprise budgets are starting to unlock, which should drive larger deals, while the partnership and competitive environment are more favorable. He views the recent pullback in shares of Snowflake as creating an attractive entry point. The stock is flat from December 2020 despite the company maintaining 110%-115% product growth with stronger profitability, says Radke.