Monness, Crespi, Hardt Downgrades Snowflake to Sell, Announces $160 Price Target
Portfolio Pulse from Benzinga Newsdesk
Monness, Crespi, Hardt analyst Brian White downgraded Snowflake (NYSE:SNOW) from Neutral to Sell and set a price target of $160.
January 04, 2024 | 5:02 pm
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Snowflake downgraded from Neutral to Sell by Monness, Crespi, Hardt with a new price target of $160, potentially impacting investor sentiment and stock price.
Downgrades by analysts can lead to negative investor sentiment and a decrease in stock price. The new price target of $160 suggests a belief that the stock is currently overvalued, which may influence investors to sell or avoid buying shares, potentially leading to a short-term decline in SNOW's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100