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Deutsche Bank Downgrades Snowflake Inc. (SNOW) to Hold; 'Winter is Coming'

December 11, 2020 5:42 AM EST

(Updated - December 11, 2020 8:20 AM EST)

Deutsche Bank analyst Patrick Colville downgraded Snowflake Inc. (NYSE: SNOW) from Buy to Hold with a price target of $335.00.

The analyst comments "With Snowflake trading at 52x FY23E (Jan 23) sales, the risk/reward, in... More