Wells Fargo Maintains Equal-Weight on Snowflake, Lowers Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Turrin maintains an Equal-Weight rating on Snowflake (NYSE:SNOW) but lowers the price target from $130 to $125.
August 22, 2024 | 3:14 pm
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Wells Fargo has maintained its Equal-Weight rating on Snowflake but reduced the price target from $130 to $125, indicating a slightly less optimistic outlook.
The lowering of the price target by Wells Fargo 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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IMPORTANCE 80
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