RBC Capital Initiates Coverage On Snowflake with Outperform Rating, Announces Price Target of $230
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg has initiated coverage on Snowflake (NYSE:SNOW) with an Outperform rating and set a price target of $230.
January 05, 2024 | 12:31 pm
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POSITIVE IMPACT
RBC Capital has initiated coverage on Snowflake with an Outperform rating and a price target of $230, which could positively influence investor sentiment.
The initiation of coverage by RBC Capital with an Outperform rating typically indicates a positive outlook on the stock's performance. The announcement of a price target above the current market price suggests that the analyst sees potential for growth, which could lead to increased investor confidence and a potential rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100