Rosenblatt Reiterates Buy Rating on Snowflake Inc. (SNOW)

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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