Loop Capital Maintains Buy on Snowflake, Lowers Price Target to $185
Portfolio Pulse from Benzinga Newsdesk
Loop Capital has maintained a Buy rating on Snowflake but lowered its price target from $225 to $185, indicating a more cautious outlook.
August 21, 2024 | 12:47 pm
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Loop Capital has maintained its Buy rating on Snowflake but reduced the price target from $225 to $185, suggesting a more cautious outlook on the stock's potential.
The maintenance of a Buy rating suggests continued confidence in Snowflake's long-term prospects. However, the lowered price target indicates a more cautious short-term outlook, possibly due to market conditions or company performance. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100