Mizuho Reiterates Buy on Snowflake, Lowers Price Target to $205
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Gregg Moskowitz reiterates a Buy rating on Snowflake (NYSE:SNOW) but lowers the price target from $255 to $205.

February 29, 2024 | 3:20 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Mizuho reaffirms a Buy rating on Snowflake but reduces the price target from $255 to $205.
While the reiteration of a Buy rating suggests continued confidence in Snowflake's fundamentals and growth prospects, the reduction in price target may reflect adjustments in valuation metrics or market conditions. This mixed signal could lead to short-term uncertainty among investors, potentially stabilizing the stock price as positive and negative factors balance each other.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100