Bernstein Maintains Market Perform on Snowflake, Lowers Price Target to $148
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Mark Moerdler maintains a Market Perform rating on Snowflake (NYSE:SNOW) and lowers the price target from $157 to $148.
May 26, 2023 | 10:45 am
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Bernstein analyst Mark Moerdler maintains a Market Perform rating on Snowflake and lowers the price target from $157 to $148.
The news directly mentions Snowflake (NYSE:SNOW) and the lowered price target by Bernstein analyst Mark Moerdler. This may cause some short-term uncertainty among investors, but the Market Perform rating suggests that the stock is expected to perform in line with the market, resulting in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100