B of A Securities Initiates Coverage On Snowflake with Neutral Rating, Announces Price Target of $195
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Bradley Sills has initiated coverage on Snowflake (NYSE:SNOW) with a Neutral rating and a price target of $195.
October 12, 2023 | 12:14 pm
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NEUTRAL IMPACT
Snowflake has been initiated with a Neutral rating by B of A Securities, with a price target of $195.
The initiation of coverage by B of A Securities with a Neutral rating indicates that the analyst sees the stock as fairly valued at current levels. The price target of $195 suggests that the analyst believes the stock has limited upside potential from its current price. This could lead to a neutral or slightly negative short-term impact on the stock as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100