Macquarie Maintains Outperform on Snowflake, Lowers Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Macquarie analyst Frederick Havemeyer maintains an Outperform rating on Snowflake (NYSE:SNOW) but lowers the price target from $205 to $200.
May 24, 2024 | 5:43 pm
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NEUTRAL IMPACT
Macquarie analyst Frederick Havemeyer maintains an Outperform rating on Snowflake but lowers the price target from $205 to $200.
The Outperform rating suggests continued confidence in Snowflake's performance, but the slight reduction in the price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100