RBC Capital Maintains Outperform on Snowflake, Lowers Price Target to $246
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg maintains an Outperform rating on Snowflake (NYSE:SNOW) but lowers the price target from $255 to $246.

February 29, 2024 | 5:56 pm
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RBC Capital maintains an Outperform rating on Snowflake but lowers the price target from $255 to $246.
While the reduction in price target from $255 to $246 by RBC Capital could be perceived negatively, the maintenance of an Outperform rating suggests a continued positive outlook on Snowflake's performance. The adjustment in price target might reflect market conditions or revised earnings expectations rather than a fundamental change in the company's outlook. Investors might see this as a minor adjustment rather than a significant change in investment thesis.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100