Citigroup Maintains Buy on Snowflake, Lowers Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Tyler Radke maintains a Buy rating on Snowflake but lowers the price target from $236 to $200.
August 20, 2024 | 4:00 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Citigroup's analyst Tyler Radke continues to recommend buying Snowflake shares but has reduced the price target from $236 to $200, indicating a more cautious outlook.
The maintained Buy rating suggests continued confidence in Snowflake's potential, but the lowered price target reflects a more cautious stance on its near-term valuation. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100