Oppenheimer Maintains Outperform on Snowflake, Raises Price Target to $240
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Ittai Kidron has maintained an Outperform rating on Snowflake (NYSE:SNOW) and increased the price target from $220 to $240.
November 30, 2023 | 5:29 pm
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Oppenheimer has reaffirmed Snowflake's Outperform rating and raised the price target to $240, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Ittai Kidron suggests a strong conviction in Snowflake's future performance. This can positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100