Needham Reiterates Buy on Snowflake, Maintains $225 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mike Cikos has reiterated a Buy rating on Snowflake (NYSE:SNOW) and maintained a $225 price target for the company's stock.
January 08, 2024 | 10:50 am
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POSITIVE IMPACT
Needham analyst Mike Cikos reaffirmed a Buy rating on Snowflake with a price target of $225, indicating a positive outlook on the stock.
The reiteration of a Buy rating by a reputable analyst like Mike Cikos from Needham tends to instill confidence in investors and can positively influence the stock price in the short term. The maintenance of the $225 price target suggests that the analyst's valuation of the company remains unchanged and optimistic, which could further support the stock's performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100