What Analysts Are Saying About Snowflake Stock
Portfolio Pulse from Benzinga Insights
Analysts have provided a range of ratings for Snowflake (NYSE:SNOW) over the past three months, with a mix of bullish and bearish perspectives. The average 12-month price target has decreased by 15.69% to $162.82. Despite positive revenue growth, Snowflake faces challenges with profitability and returns on equity and assets.
October 22, 2024 | 4:00 pm
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NEGATIVE IMPACT
Snowflake has received mixed analyst ratings, with a notable decrease in the average price target by 15.69%. While the company shows strong revenue growth, it struggles with profitability and returns on equity and assets.
The decrease in the average price target by 15.69% suggests a bearish sentiment among analysts. Despite strong revenue growth, Snowflake's challenges with profitability and returns on equity and assets may negatively impact investor confidence in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100