31 Analysts Have This To Say About Snowflake
Portfolio Pulse from Benzinga Insights
31 analysts have shared diverse evaluations of Snowflake (NYSE:SNOW) over the last three months, with sentiments ranging from bullish to bearish. The average 12-month price target is $217.68, with a recent decrease of 4.24%. Analyst actions include ratings adjustments and price target changes, reflecting varying perceptions of Snowflake's market performance. Snowflake, known for its data solutions, has shown solid revenue growth and strong financial health indicators, despite a below-average net margin.
April 05, 2024 | 12:01 pm
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NEUTRAL IMPACT
Snowflake's mixed analyst ratings and recent decrease in average price target may influence investor sentiment. Solid revenue growth and strong financial health indicators could counterbalance concerns over its below-average net margin.
The diverse analyst ratings and recent decrease in the average price target suggest uncertainty, which could lead to short-term volatility in Snowflake's stock price. However, the company's solid revenue growth and strong financial health indicators, such as ROE and ROA, provide a positive outlook that may mitigate negative impacts and stabilize the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100