DA Davidson Reiterates Buy Rating on Snowflake Inc. (SNOW), Says Some Software Stocks Worth Buying

DA Davidson analyst Gil Luria reiterated a Buy rating and $300.00 price target on Snowflake Inc. (NYSE: SNOW).

The analyst commented, "We have no desire to fight the holy war quite yet, but do think some Software is worth buying. While the Software complex may continue to be under pressure during the rest of guidance season, we do want to selectively buy companies that will be able to break the doomsday narrative more easily. We will keep it simple and brief, since we are not actually adding material checks or analysis."

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 $199.37 yesterday.

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