Canaccord Genuity Maintains Buy on Snowflake, Lowers Price Target to $190
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity has maintained its Buy rating on Snowflake (NYSE:SNOW) but lowered the price target from $215 to $190.
August 22, 2024 | 2:00 pm
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Canaccord Genuity has maintained its Buy rating on Snowflake but reduced the price target from $215 to $190, indicating a more cautious outlook.
The maintenance of a 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 result in neutral short-term price movement.
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IMPORTANCE 80
RELEVANCE 100