This Is What Whales Are Betting On Snowflake
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Snowflake (NYSE:SNOW), with 70% of investors opening trades with bullish expectations. The whale has been targeting a price range from $150.0 to $220.0 for Snowflake over the last 3 months. B of A Securities and Mizuho have downgraded their actions to Neutral and Buy respectively, with price targets of $195 and $180.
October 17, 2023 | 2:31 pm
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Whale investor's bullish stance and targeted price range of $150-$220 could potentially drive Snowflake's stock price up. However, downgrades by B of A Securities and Mizuho may temper this effect.
The bullish stance of a whale investor, who has significant influence due to the large amount of capital they control, can drive up the stock price of Snowflake. However, the downgrades by B of A Securities and Mizuho, which are influential financial institutions, may counteract this bullish effect to some extent.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100