Piper Sandler Maintains Overweight on Snowflake, Raises Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Brent Bracelin has maintained an Overweight rating on Snowflake (NYSE:SNOW) and increased the price target from $220 to $250, indicating a positive outlook on the company's stock.
January 02, 2024 | 3:22 pm
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POSITIVE IMPACT
Piper Sandler's analyst Brent Bracelin maintains an Overweight rating on Snowflake and raises the price target to $250, suggesting confidence in the company's future performance.
The increase in price target by Piper Sandler is a strong bullish signal for investors, indicating the analyst's increased confidence in Snowflake's growth prospects. This could lead to a positive short-term impact on the stock price as market participants react to the analyst's upgraded outlook.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100