Rosenblatt Downgrades Snowflake to Neutral, Lowers Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Blair Abernethy downgraded Snowflake (NYSE:SNOW) from Buy to Neutral and lowered the price target from $188 to $170.
May 25, 2023 | 11:30 am
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Snowflake downgraded to Neutral by Rosenblatt, with a lowered price target of $170.
The downgrade from Buy to Neutral and the lowered price target by Rosenblatt analyst Blair Abernethy may negatively impact Snowflake's stock price in the short term, as it indicates a less optimistic outlook on the company's performance.
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