Redburn Atlantic Downgrades Snowflake to Sell, Announces $125 Price Target
Portfolio Pulse from Benzinga Newsdesk
Redburn Atlantic analyst Alex Haissl downgrades Snowflake (NYSE:SNOW) from Neutral to Sell and sets a new price target of $125.
March 19, 2024 | 10:11 am
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Snowflake downgraded from Neutral to Sell by Redburn Atlantic with a new price target of $125.
Analyst downgrades typically lead to a negative short-term reaction in the stock market as they suggest a bearish outlook on the company's future performance. The setting of a price target of $125, depending on the current trading price, could indicate a significant downside, further influencing investor sentiment negatively.
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