Needham Maintains Buy on Snowflake, Lowers Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mike Cikos maintains a Buy rating on Snowflake (NYSE:SNOW) but lowers the price target from $210 to $160.

August 22, 2024 | 10:48 am
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Needham analyst Mike Cikos maintains a Buy rating on Snowflake but lowers the price target from $210 to $160, 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 outlook, possibly due to market conditions or company performance. This mixed signal may lead to neutral short-term price movement.
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