DA Davidson Maintains Buy on Snowflake, Lowers Price Target to $175
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Gil Luria maintains a Buy rating on Snowflake (NYSE:SNOW) but lowers the price target from $230 to $175.
August 22, 2024 | 2:03 pm
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DA Davidson's analyst Gil Luria maintains a Buy rating on Snowflake but reduces the price target from $230 to $175, 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, likely due to market conditions or company performance. This could lead to short-term negative sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100