Loop Capital Maintains Buy on Snowflake, Lowers Price Target to $225
Portfolio Pulse from Benzinga Newsdesk
Loop Capital maintains a Buy rating on Snowflake (NYSE:SNOW) but lowers the price target from $235 to $225.
May 23, 2024 | 3:43 pm
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NEUTRAL IMPACT
Loop Capital maintains a Buy rating on Snowflake but lowers the price target from $235 to $225.
The maintained Buy rating suggests continued confidence in Snowflake's long-term prospects, but the lowered price target indicates some caution about short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100