Wells Fargo Maintains Overweight on Snowflake, Lowers Price Target to $185
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Turrin maintains an Overweight rating on Snowflake (NYSE:SNOW) but lowers the price target from $200 to $185.
May 25, 2023 | 11:05 am
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Wells Fargo maintains an Overweight rating on Snowflake, but lowers the price target from $200 to $185.
The news of Wells Fargo maintaining an Overweight rating on Snowflake indicates a positive outlook for the company. However, the lowering of the price target from $200 to $185 may create some uncertainty among investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100