TD Cowen Maintains Outperform on Snowflake, Lowers Price Target to $185
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst J. Derrick Wood maintains an Outperform rating on Snowflake (NYSE:SNOW) but lowers the price target from $205 to $185.
May 25, 2023 | 11:40 am
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TD Cowen analyst maintains Outperform rating on Snowflake (NYSE:SNOW) but lowers price target from $205 to $185.
The news of TD Cowen maintaining an Outperform rating on Snowflake is positive for the company, indicating that the analyst still believes in the stock's potential. However, the lowering of the price target from $205 to $185 may create some uncertainty among investors, potentially leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100