B of A Securities Maintains Neutral on Snowflake, Lowers Price Target to $212
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Bradley Sills maintains a Neutral rating on Snowflake (NYSE:SNOW) and lowers the price target from $265 to $212.
February 29, 2024 | 3:25 pm
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NEGATIVE IMPACT
B of A Securities has maintained a Neutral rating on Snowflake but reduced the price target from $265 to $212.
The reduction in the price target by B of A Securities suggests a less optimistic outlook on Snowflake's stock price in the short term. This adjustment could lead to a negative perception among investors, potentially causing a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100