JP Morgan Maintains Overweight on Snowflake, Lowers Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Mark Murphy maintains an Overweight rating on Snowflake (NYSE:SNOW) but lowers the price target from $200 to $170.
February 29, 2024 | 4:43 pm
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JP Morgan maintains an Overweight rating on Snowflake but lowers the price target from $200 to $170.
The reduction in price target by JP Morgan, despite maintaining an Overweight rating, could lead to short-term negative sentiment among investors, potentially impacting Snowflake's stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100