Wedbush Maintains Neutral on Snowflake, Lowers Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Taz Koujalgi maintains a Neutral rating on Snowflake (NYSE:SNOW) and lowers the price target from $210 to $140.
August 22, 2024 | 4:06 pm
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Wedbush analyst Taz Koujalgi has maintained a Neutral rating on Snowflake and significantly lowered the price target from $210 to $140, indicating a more cautious outlook on the stock.
The significant reduction in the price target from $210 to $140 by Wedbush suggests a more cautious outlook on Snowflake's future performance. This could lead to a negative short-term impact on the stock price as investors adjust their expectations.
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