RBC Capital Maintains Outperform on Snowflake, Lowers Price Target to $183
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg maintains an Outperform rating on Snowflake (NYSE:SNOW) but lowers the price target from $226 to $183.
June 05, 2024 | 2:34 pm
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NEUTRAL IMPACT
RBC Capital analyst Matthew Hedberg maintains an Outperform rating on Snowflake but lowers the price target from $226 to $183.
The Outperform rating suggests continued confidence in Snowflake's performance, but the lowered price target indicates some caution about its short-term prospects. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100