Oppenheimer analyst Ittai Kidron maintains an Outperform rating on Snowflake Inc (SNOW) with a price target of $240, citing multiple tailwinds for 2024. These include an improving macro environment, less cloud optimization, Federal vertical market presence, new products, and AI/ML adoption. Despite a 46% increase in shares in 2023, Kidron believes the current price doesn't fully capture the upside. SNOW trades at a premium compared to peers, justified by high growth and FCF margin. Q4 revenue and EPS are projected at $757.4 million and $0.14, respectively. SNOW shares recently dropped by 5.07% to $188.91.