Demystifying Snowflake: Insights From 33 Analyst Reviews
Portfolio Pulse from Benzinga Insights
The article provides a comprehensive analysis of Snowflake (NYSE:SNOW) based on 33 recent analyst reviews. The overall sentiment is predominantly bullish, with 26 out of 33 analysts rating it as either 'Bullish' or 'Somewhat Bullish'. The average 12-month price target is $206.67, showing a slight decline from the previous average of $212.50. Key analysts have maintained or adjusted their ratings and price targets, reflecting mixed but generally positive sentiment. Snowflake's financial performance shows strong revenue growth but challenges in profitability and returns.
July 08, 2024 | 12:01 pm
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POSITIVE IMPACT
Snowflake (NYSE:SNOW) has received predominantly bullish ratings from 33 analysts, with an average 12-month price target of $206.67. Despite a slight decline in the average price target, the sentiment remains largely positive. Key analysts have maintained or adjusted their ratings, reflecting mixed but generally positive sentiment.
The majority of analysts have given bullish ratings, and the average price target remains high despite a slight decline. This indicates a positive short-term outlook for Snowflake's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100