What Analysts Are Saying About Snowflake Stock
Portfolio Pulse from Benzinga Insights
Analysts have mixed views on Snowflake (NYSE:SNOW), with recent ratings showing a decrease in bullish sentiment. The average 12-month price target has dropped by 16.83% to $163.54. Analysts have adjusted their ratings and price targets, reflecting changing market dynamics and company performance. Despite strong revenue growth, Snowflake faces challenges with profitability and returns.
October 01, 2024 | 2:01 pm
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NEGATIVE IMPACT
Analysts have mixed views on Snowflake, with a decrease in bullish sentiment and a 16.83% drop in the average 12-month price target to $163.54. Despite strong revenue growth, Snowflake faces challenges with profitability and returns.
The decrease in the average price target and the lowering of ratings by several analysts indicate a negative short-term outlook for Snowflake. Despite strong revenue growth, the company's profitability challenges and lower returns contribute to the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100