Evercore ISI Group Maintains Outperform on Snowflake, Lowers Price Target to $225
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Kirk Materne maintains an Outperform rating on Snowflake (SNOW) but lowers the price target from $250 to $225.

February 29, 2024 | 5:56 pm
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Evercore ISI Group maintains an Outperform rating on Snowflake but lowers the price target from $250 to $225.
The maintenance of an Outperform rating suggests continued confidence in Snowflake's fundamentals and growth prospects. However, the reduction in the price target could reflect adjustments in valuation expectations, possibly due to market conditions or revised earnings forecasts. This mixed signal might lead to short-term uncertainty among investors, balancing out potential positive and negative impacts on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100