Evaluating Snowflake: Insights From 25 Financial Analysts
Portfolio Pulse from Benzinga Insights
In the last three months, 25 analysts have published ratings on Snowflake (NYSE:SNOW), showing a range of perspectives from bullish to bearish. The average 12-month price target is now $203.28, down from $211.77. Recent analyst actions include both raises and lowers in price targets, reflecting mixed sentiments. Snowflake has shown strong revenue growth but faces challenges in profitability and returns.
June 04, 2024 | 3:01 pm
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Snowflake has received mixed ratings from 25 analysts over the past three months, with an average price target of $203.28, down from $211.77. The company shows strong revenue growth but faces challenges in profitability and returns.
The mixed analyst ratings and the decrease in the average price target suggest uncertainty about Snowflake's short-term performance. While the company shows strong revenue growth, its profitability and returns are below industry averages, which could impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100