This Is What Whales Are Betting On Snowflake
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Snowflake (NYSE:SNOW), with 66% of detected trades showing bearish expectations. The targeted price range for Snowflake over the last 3 months is from $120.0 to $250.0. The current price of SNOW is down -5.2% at $143.26. Mizuho and B of A Securities have downgraded their actions on Snowflake, while Piper Sandler maintains their Overweight rating.
October 25, 2023 | 6:16 pm
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NEGATIVE IMPACT
Bearish sentiment detected in Snowflake trades, with a targeted price range of $120-$250. Current price down -5.2% at $143.26. Analysts have mixed ratings.
The bearish sentiment detected in Snowflake trades, along with the downgraded actions from Mizuho and B of A Securities, could negatively impact the stock price in the short term. However, Piper Sandler maintains their Overweight rating, which might mitigate the impact slightly.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100