Baird Maintains Outperform on Snowflake, Lowers Price Target to $152
Portfolio Pulse from Benzinga Newsdesk
Baird analyst William Power maintains an Outperform rating on Snowflake (NYSE:SNOW) but lowers the price target from $165 to $152.
August 22, 2024 | 11:42 am
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Baird analyst William Power continues to rate Snowflake as Outperform, indicating confidence in the company's performance, but has adjusted the price target downwards from $165 to $152.
The Outperform rating suggests continued confidence in Snowflake's performance, but the lowered price target indicates some caution, possibly due to market conditions or company-specific factors. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100