Rosenblatt Reiterates Buy Rating on Snowflake Inc. (SNOW)
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Rating Summary:
47 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 17 | New: 12
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Rosenblatt analyst Blair Abernethy reiterated a Buy rating and $180.00 price target on Snowflake Inc. (NYSE: SNOW).
The analyst commented: "This week, Snowflake completed its previously announced $2.3b Convertible Debt issue, which included the full exercise of over-allotment options. With this note, we are adding the debt issue to our estimates, introducing our FY27 forecast and making other minor model adjustments. At current price levels, we remain a Buy on the stock with our 12-month target price of $180 (unchanged)."
For an analyst ratings summary and ratings history on Snowflake Inc. click here. For more ratings news on Snowflake Inc. click here.
Shares of Snowflake Inc. closed at $110.23 yesterday.
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