Truist Securities Maintains Buy on Snowflake, Raises Price Target to $230
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Ki Bin Kim has reaffirmed a Buy rating on Snowflake (NYSE:SNOW) and increased the price target from $210 to $230.
January 16, 2024 | 7:21 pm
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Truist Securities analyst Ki Bin Kim maintains a Buy rating on Snowflake and raises the price target from $210 to $230, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's future performance and growth potential. This can lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100