Snowflake (SNOW) Dips Despite Toping Sales Estimates, Analysts Positive as Digital Transformation Wave Continues

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Go back to Snowflake (SNOW) Dips Despite Toping Sales Estimates, Analysts Positive as Digital Transformation Wave Continues

Snowflake Inc. (SNOW) PT Lowered to $275 at DA Davidson

May 27, 2021 8:07 AM EDT

DA Davidson analyst Andrew Nowinski lowered the price target on Snowflake Inc. (NYSE: SNOW) to $275.00 (from $300.00) while maintaining a Buy rating.

The analyst commented, "Snowflake reported strong F1Q results, beating the high-end of guidance by 6.9%, which is within management's usual range... More