Barclays Maintains Equal-Weight on Snowflake, Lowers Price Target to $142
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow maintains an Equal-Weight rating on Snowflake (NYSE:SNOW) but lowers the price target from $146 to $142.
August 22, 2024 | 2:27 pm
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Barclays has maintained its Equal-Weight rating on Snowflake but has lowered the price target from $146 to $142, indicating a slightly less optimistic outlook.
The lowering of the price target by Barclays suggests a slightly less optimistic view on Snowflake's short-term performance, which could lead to a negative impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the reduced price target may influence investor sentiment negatively.
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