Snowflake shares are trading higher after Raymond James raised its price target on the stock from $190 to $223.
Portfolio Pulse from Benzinga Newsdesk
Snowflake's stock price increased following an upgrade by Raymond James, which raised its price target from $190 to $223.
February 02, 2024 | 3:02 pm
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Snowflake's stock price is likely to experience a short-term increase following the raised price target by Raymond James from $190 to $223.
The upgrade in price target by a reputable financial services firm like Raymond James typically signals a strong bullish sentiment towards the stock, influencing investors to adjust their positions accordingly. This can lead to a short-term increase in the stock price as market participants react to the new information.
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