Needham Reiterates Buy on Snowflake, Maintains $216 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mike Cikos has reiterated a 'Buy' rating on Snowflake (NYSE:SNOW) and maintained a price target of $216.
September 05, 2023 | 9:39 am
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Snowflake's stock rating has been reiterated as 'Buy' by Needham analyst Mike Cikos, with a maintained price target of $216.
The reiteration of a 'Buy' rating by a reputable analyst like Mike Cikos from Needham is a positive signal for investors. The maintained price target of $216 indicates that the analyst believes the stock has potential for growth. This could lead to increased investor confidence and potentially a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100