Needham Maintains Buy on Snowflake, Raises Price Target to $225
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mike Cikos has reaffirmed a Buy rating on Snowflake (NYSE:SNOW) and increased the price target from $216 to $225.
November 30, 2023 | 10:54 am
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Needham analyst Mike Cikos has maintained a Buy rating on Snowflake and raised the price target to $225, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a positive forecast for the company's stock performance and can lead to increased investor confidence. As a result, the stock price may experience upward pressure in the short term.
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