Scotiabank Maintains Sector Outperform on Snowflake, Raises Price Target to $226
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Patrick Colville has maintained a Sector Outperform rating on Snowflake (NYSE:SNOW) and increased the price target from $194 to $226, indicating a positive outlook on the company's stock.
November 30, 2023 | 8:41 pm
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Scotiabank analyst Patrick Colville reaffirmed a Sector Outperform rating on Snowflake and raised the price target to $226, suggesting confidence in the company's growth prospects.
The increase in price target by Scotiabank reflects a bullish stance on Snowflake's stock, which could lead to increased investor confidence and a potential rise in the stock price in the short term. The Sector Outperform rating and the significant raise from $194 to $226 suggest that the analyst sees strong fundamentals or potential in the company that could drive the stock higher.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100