HSBC Upgrades Snowflake to Hold, Announces $121 Price Target
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Stephen Bersey has upgraded Snowflake (NYSE:SNOW) from Reduce to Hold, setting a price target of $121.
August 23, 2024 | 9:38 am
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HSBC has upgraded Snowflake from Reduce to Hold, with a new price target of $121. This suggests a more positive outlook on the stock's performance.
The upgrade from Reduce to Hold by HSBC indicates a shift in sentiment towards Snowflake, suggesting that the stock may perform better than previously expected. The $121 price target provides a specific valuation benchmark, which could influence investor perception and trading activity.
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