TD Cowen Maintains Buy on Snowflake, Lowers Price Target to $180
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst J. Derrick Wood maintains a Buy rating on Snowflake (NYSE:SNOW) but lowers the price target from $230 to $180.
August 19, 2024 | 1:53 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
TD Cowen's analyst J. Derrick Wood maintains a Buy rating on Snowflake but reduces the price target from $230 to $180, indicating a more cautious outlook.
The maintained Buy rating suggests continued confidence in Snowflake's long-term potential, but the lowered price target reflects a more cautious short-term outlook, possibly due to market conditions or company performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100