Snowflake shares are trading higher after Scotiabank upgraded the stock from Sector Perform to Outperform and announced a $213 price target.
Portfolio Pulse from Benzinga Newsdesk
Scotiabank has upgraded Snowflake's stock from Sector Perform to Outperform and set a new price target of $213. This has resulted in Snowflake shares trading higher.
July 13, 2023 | 2:06 pm
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Snowflake's stock has been upgraded by Scotiabank to Outperform from Sector Perform, with a new price target of $213. This has led to an increase in the trading price of Snowflake shares.
Scotiabank's upgrade of Snowflake's stock to Outperform and the setting of a new price target at $213 indicates a positive outlook for the company. This has led to an increase in the trading price of Snowflake shares, suggesting a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100