Raymond James Maintains Outperform on Snowflake, Lowers Price Target to $170
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Simon Leopold has maintained an 'Outperform' rating on Snowflake (NYSE:SNOW) but lowered the price target from $180 to $170.

August 24, 2023 | 11:42 am
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NEUTRAL IMPACT
Snowflake's price target has been lowered from $180 to $170 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100