The Latest Analyst Ratings for Snowflake
Portfolio Pulse from Benzinga Insights
In the last quarter, Snowflake (NYSE:SNOW) received 33 analyst ratings, with the majority being bullish or somewhat bullish. The company's average 12-month price target is $188.42, an increase of 4.63% from the previous average price target of $180.08.
July 11, 2023 | 9:01 pm
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POSITIVE IMPACT
Snowflake has received mostly bullish ratings from analysts, with an increased average 12-month price target. This could potentially lead to increased investor confidence and a positive impact on the stock price.
Analyst ratings are often used by investors to gauge the potential future performance of a stock. In the case of Snowflake, the majority of the ratings are bullish, indicating a positive outlook. Additionally, the increase in the average 12-month price target suggests that analysts believe the stock has potential for growth, which could positively impact the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100